What is Reverse Mortgage?

What is Reverse Mortgage? Is Reverse Mortgage for you?

Reverse Mortgage or HECM is available to people 62 years and older. In a traditional mortgage, you pay principal every month and thus you own more of the property and owe less every month. In a reverse mortgage, the lender pays you principal every month, so you own less of the property and owe more in loan every month, and the lender gets the house when you die.

If you need money and want to spend it all, and you know when you will die, this may be a good option for you.

Research Maniacs is not in favor of this way of living and thinking, because you donít know when you will die!

Mortgage FAQ
Learn everything you need to know about mortgage here!

What is Zoning?
What is Zoning and why is it important to know?

What is PMI?
What is Private Mortgage Insurance?

What is a Mortgage?
Definition of a mortgage.

Mortgage Calculator
Calculate your monthly payments based on interest rate and the life of the loan.

What is Title Insurance?
What is Title Insurance and why do you need it?

What is Pre-Approval?
What is Pre-Approval and why is it a good thing?

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