Reverse Mortgage

Reverse Mortgage

A reverse mortgage allows a borrower, age 62 or older to convert a portion of their home equity into cash. Instead of a borrower making monthly payments to a lender, the lender now makes payments to the borrower to help cover basic living expenses.


  1. Seniors can convert equity in their homes into cash
  2. Don’t have to pay back the loan and interest as long as you live in the house


  1. Subject to aggressive lending practices and false advertising practices

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