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24
Nov

New Barriers to Reverse Mortgages

Posted by Susan Mitchell (0) Comment

Changes are in store for the way reverse mortgages are processed that might make it more difficult for some borrowers to qualify.

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Category : Mortgages | Blog
14
Oct

What are reverse mortgages?

Posted by Susan Mitchell (0) Comment

A reverse mortgage is a loan that is generally only made available to homeowners who are sixty- two years of age or older. A reverse mortgage is set to release the interest in the homeowner’s property in a single payout or in multiple payouts over a period of time as dictated by the specifics of the reverse mortgage. The homeowner is then obligated to repay the loan over a specific period of time.
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Category : Mortgages | Blog