NAR: How to Buy a Home with a Reverse Mortgage
Date : Mar 04, 2017
Category : Mortgage
What is a Reverse Mortgage?
A financial agreement in which a homeowner relinquishes equity in their home in exchange for regular payments, typically to supplement retirement income.
“unlike traditional mortgages, which decline as you pay down the loan, reverse mortgages rise over time as interest on the loan accrues”