Q:

How does a reverse morgage work

Answer

In a reverse mortgage your bank pays you based on how much equity is in your home and the value of the home. ChaCha.

Categorized In: Real Estate

Source: Ask the Expert: Reverse mortgage - Feb. 17, 2006 | money.cnn.com

Description: a reverse mortgage is the mirror image of a regular home loan. Instead of you making payments to the lender, the lender makes payments to you. The amount you can borrow depends on a variety of factors, including your age, your home's value, the level of

Nov 08, 01:29am

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