Mortgage Help
benchmark lending, http://mortagehelp.blogspot.com/atom.xml, 100 home equity loan, adverse remortgage, uk homeowner loans, refinance with bad credit, best consolidation loan student, refinance with poor credit, student loan consolidation center, buyer mortgage note, federal student loan consolidation, benchmark lending, equity line, adverse credit remortgage
Thursday, May 26, 2005
What is a reverse mortgage?
A reverse mortgage is a special type of home loan that lets a homeowner convert a portion of the equity in his or her home into cash. The equity built up over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower(s) no longer use the home as their principal residence. HUD's reverse mortgage provides these benefits, and it is federally-insured as well.
- posted by Mark Pane @ 7:23 PM
