A reverse mortgage is a sort of home equity conversion mortgage (HECM) that offers homeowners to receive income without needing to repay the loan or make monthly payments. A reverse mortgage is a sort of loan that permits seniors over the age of 62 to borrow against the equity in their home without selling it. … Read more

Reverse mortgages are an increasing popular tool for people who are aging. As of 2009, it is estimated that one in four homeowners are of retirement age, and this number will only increase as time goes on. Reverse mortgages are a type loan that takes your homes equity and turns it into cash. In a … Read more