Reverse Mortgages

Reverse Mortgages: A reverse mortgage is a loan/mortgage, usually secured by a residential property, that enables the borrower to access the unencumbered value of a property. Reverse mortgages are typically promoted to older homeowners and typically do not require monthly mortgage payments.  They are a way for older homeowners to borrow money based on the equity in their home. When you have a regular mortgage, you pay the lender every month to buy your home over time. In a reverse mortgage, you get a loan in which the lender pays you.  Watch these free FinStream TV videos to learn more about Reverse Mortgages. Check out finStream’s Real Estate Section for more free videos about mortgages and real estate at this link: