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What is a Reverse Mortgage for Seniors? | Discover …

When the reverse mortgage loan does become due, the borrower’s heirs/estate can choose to repay the reverse mortgage loan and keep the home or put the home up for sale in order to repay the loan. If the home sells for more than the balance of the reverse mortgage loan, the remaining home equity passes to the heirs.
https://reverse.org/what-is-a-reverse-mortgage

Reverse Mortgages - Mortgage Rates, Mortgage …

Find reverse mortgage financial information, tools, reverse mortgage calculator, and tips. Skip to content Medicare open enrollment ends Friday! AARP is here to help with ...
http://www.aarp.org › Money › Managing Debt

Reverse Mortgages | Consumer Information

How do Reverse Mortgages Work? When you have a regular mortgage, you pay the lender every month to buy your home over time. In a reverse mortgage, you get a loan in which the lender pays you.
http://www.consumer.ftc.gov › Homes & Mortgages › Home Loans

HUD FHA Reverse Mortgage for Seniors (HECM) | …

Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income. The only reverse mortgage insured by the U.S. Federal Government is called a Home Equity Conversion Mortgage (HECM), and is only available through an FHA-approved lender.
https://www.hud.gov/program_offices/housing/sfh/hecm/hecmhome

Reverse mortgage - Wikipedia

A reverse mortgage is a mortgage loan, usually secured over a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments.
https://en.wikipedia.org/wiki/Reverse_mortgage

Your Reverse Mortgage Questions Answered | Just …

We know that while researching what is a reverse mortgage, one can quickly encounter inaccurate and misleading information from the media and other sources.
https://reverse.mortgage/info