How do reverse mortgages work?

Asked on near Marietta, GA
Topics: Business & FinanceReal Estate


Jeff Jockisch

A reverse mortgage allows older Americans to use the equity that they have built up in their house to supplement their current income. The cool part is that they can still stay in the house until they die, and then the bank takes ownership.

A reverse mortgage is a loan against your home that you do not have to pay back for as long as you live there.

Do you know the answer?

Login or Sign Up to answer this question.

How do reverse mortgages work?

Related Real Estate Questions

See All Questions

Last Week's Popular Questions for Real Estate

See All Questions