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What is a Reverse Mortgage?


A reverse mortgage is a special type of home mortgage that allows a homeowner to turn the equity in their home into cash. The equity built up over years of home mortgage payments can be paid to the homeowner in a number of ways: as a lump sum, as a stream of payments, or as a supplement to Social Security or other retirement funds. However, unlike a traditional home equity loan or second mortgage, with a reverse mortgage, repayment is not required until the borrower is no longer using the home as the primary residence.

Your home is probably your largest single investment; therefore, it is smart to know more about reverse mortgages, and decide if it is right for you!

We have helped many people live a better lifestyle with greater financial freedom and security by helping them with the reverse mortgage solution.

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Last modified: 04/20/10