A reverse mortgage is a home loan, typically secured by a residential property, that makes it possible for the customer to access the unencumbered worth of the home. The fundings are commonly advertised to older house owners and commonly do not need month-to-month home loan settlements.
An economic agreement in which a house owner gives up equity in their home in exchange for regular repayments, generally to supplement retirement income.
" unlike traditional home mortgages, which decrease ... Read this article | User's blog