Reverse Mortgage: An Overview for Homeowners

By Aimee Bohn You’ve probably seen commercials from celebrities boasting the appeal of reverse mortgages. For many seniors in need of extra money to live off of, it may seem like a retirement dream come true. But is it that simple? Let’s take a look…
What is a Reverse Mortgage?
A reverse mortgage is a type of loan for homeowners aged 62 and older. It allows a borrower to receive payments in exchange for part of their home equity. You might choose a reverse mortgage if you’re struggling to make ends meet and need a source of extra income.
There are three main types of these …read more

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