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What are Reverse Mortgages?
A Reverse mortgage is a highly regulated FHA insured
loan regulated by HUD. This type of home financing enables
senior homeowners to convert a portion of their properties'
equity into cash. The equity payment can either be taken
in a lump sum or can be broken into monthly payments.
Other options are covered on the Reverse
Mortgage payouts page. The most unique characteristic
of reverse mortgage programs is that no repayment is
needed until the homeowner no longer uses the property
as their primary residence. As a financial tool, reverse
mortgages are not for everyone. Most industry professionals
agree that reverse mortgage programs require experience
that only comes with specialization in the reverse field.
Please keep in mind that the reverse mortgage industry
in constantly changing and some of the information contained
on this site may not be current. Please ask a licensed
reverse mortgage professional for up-to-date guidelines.
Additional Reverse Mortgage Information:
Benefits of Reverse
Mortgages
Reverse Mortgage FAQs
Reverse Mortgage Myths
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Mortgage | Site Map |
ReverseMortgageValue.com is an informational web site. We do not offer
mortgage financing of any kind. Please consult with a qualified and
licensed mortgage professional before making any home related financial
decision. Please note that the mortgage industry is constantly evolving
and some of the information on this site may be out-of-date. Please
consult with a mortgage professional for current product information
and guidelines. Please visit our other site, forthebestrate.com, to
search for some of the lowest
mortgage rates in your community.
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