Find us on Facebook Follow us on Twitter About us   |   Blog   |   Login



Answers

Knowledgebase Home | Favorites | Forum
Search the Knowledgebase Browse by Category
What is a reverse mortgage?
Article Details

Last Updated
13th of April, 2010

User Opinions (2 votes)
50% thumbs up 50% thumbs down

Thank you for rating this answer.
A reverse mortgage is a mortgage that allows elderly borrowers to access their equity without selling their home. The lender makes payments to the borrower with a reverse mortgage. The loan is repaid from the proceeds of the estate when the borrower moves or passes away.

Learn more about the homebuying process and refinancing options.



Related Articles