Reverse Mortgage
Reverse Mortgage
A reverse mortgage is a unique loan that enables older homeowners (62+) to convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payment.
The reverse mortgage is aptly named because the payment stream is “reversed.” Instead of making monthly payments to a lender, as with a regular mortgage, a lender makes payments to you.
This site is for consumers interested in learning more about reverse mortgages. The information provided on this site is provided by the National Reverse Mortgage Lenders Association (NRMLA).
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