The Basics
Here, we break down the essentials of reverse mortgages, helping you understand how they work, their advantages, and potential drawbacks. Whether you're a homeowner considering this financial option or just curious, our clear and concise articles are designed to provide you with the knowledge you need to make informed decisions. Explore our posts to gain a solid foundation on this unique mortgage solution.
Like any financial product, reverse mortgages have their share of specialized terms. Here is a quick and easy reference to the most common ones.
Read article from Glossary of reverse mortgage terms
A HECM is a reverse mortgage, but not all reverse mortgages are HECMs. Learn how they are different.
Read article from What is a home equity conversion mortgage (HECM)?
Understanding the eligibility requirements of a reverse mortgage can is the first step to deciding if these financial vehicles are right for you.
Read article from Reverse mortgage eligibility requirements
Simple. Reverse mortgage borrowers retain title and ownership of their homes. Here's more about how it works.
Read article from Who owns your home with a reverse mortgage loan?
Reverse mortgages aren't just for homes you already own. You can use one to purchase a new home as well.
Read article from Home equity conversion mortgage (HECM) for purchase explained
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