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This is a Government site explaining reverse mortgage:

* http://www.hud.gov/buying/rvrsmort.cfm * http://www.hud.gov/offices/hsg/sfh/hecm/hecmabou.cfm

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Q: What is a reverse mortage?
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Related questions

How can a California reverse mortgage benefit residents of California?

A California reverse mortage can benefit residents of California by allowing them access to a portion of their loan equity Home owners can draw the mortage principal in a lump sum.


Can you get a reverse mortgage and get the equity you have in it out even if your house is not paid for?

Yes, as long as you use the proceeds from the reverse mortage to pay off any existing mortgages.


I need to replace my central air conditioner and heat pump can a grant be arranged. we are currently in a reverse mortgage and have no allowance income. I am 65 and my wife is 68?

How can my wife and me apply for a grant when we are involved in a reverse mortage?


Where can I learn more about reverse mortgage fees?

Reverse Mortage Fees (RMF) are basically mortgage fees, backwards! Instead of the bank paying you money, you have to pay the bank money for mortgage. This can be good and bad.


What is a pnc mortage?

Hi there, PNC is just a mortage company that gives you a mortage. In these troubled times if you are looking for a mortage you will be better off buying within your means instead


What is reverse mortage?

this is a loan to senior persons who own their home and the loan is taken out against the value of that home. The owners obligation is to repay the loan upon death or when the owner leaves


How do you find the mortage owed on property?

Find out if there is a mortage on 432 South Gray Street Indianapolis, Indiana


How can a unmarried couple get out of mortage debt?

How can a unmarried couple who have split up get out of mortage and credit card debt.


What are the top reverse mortgage companies?

Top reverse mortage lenders include Metlife bank, Urban Financial Croup, American Advisor Group, Wells Fargo Bank, Generation Mortgage Company, Security One Lending andThe First National Bank.


Where can a finance mortgage be sought?

It is advised to have a specialist in finance mortage like a lawyer to get a suitable solution. For example, finance mortage London (capitalfortune) is a place of consultants on finance mortage problems, especially in London.


Where can one find information on a reverse mortgage?

The best place to find information about a reverse mortage is from a group or site which is not directly involved in supplying reverse mortgages since they will explain both the pros and cons of such a mortgage. The AARP has some excellent information, as does the Federal Trade Commission.


How can you figure out if your mortgage is high or low?

You can figure out if your mortage is high or low by looking online at the normal or average prices for the mortage of a house like yours. Then you can compare it.