What is a Reverse Mortgage? Q & a
July 5, 2010 by Editor
Filed under About Mortgages
Q. What is a reverse mortgage? A. A reverse mortgage is a loan that enables senior homeowners, age 62 and older, to convert part of their home equity into tax-free* income ”without having to sell their home, give up title to it, or make monthly mortgage payments. The loan only becomes due when the last […]