Q:

What is reverse mortgage

Answer

A special type of loan used to convert the equity in a home into cash. The money obtained through a reverse mortgage is MORE?

Categorized In: Definitions , Real Estate

Source: Cisco Systems - Glossary (R) | investor.cisco.com

Description: A special type of loan used to convert the equity in a home into cash. The money obtained through a reverse mortgage is usually used to provide seniors with financial

Sep 02 2009, 09:59pm

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More ChaCha Answers (1)

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

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