Originated From

What is a reverse mortgage and where can I learn more about how the process works?

Liked this question? Tell your friends about it

4 Answers

Order by
Oldest to Newest
Newest to Oldest

Questions About Reverse Mortgages.

Go to HUD government website for objective answers to your quests.


Also the AARP website.


A reverse mortgage works in reverse by allowing clients to live off the equity of their home. This is usually ideal for retired people who need a little extra money during their retirement. For more details see Calgary Mortgage Broker

<a href="" rel="nofollow" cl="http://www.calgarylistings.com/" class="comlink">Calgary Real Estate - Calgary Listings</a>

A reverse mortgage is referred to as a HECM. Home Equity Conversion Mortgage. It allows homeowners age 62 and older to convert part of their equity into tax free income without having to sell, give up title, or make monthly mortgage payments.

I am here to help if you need it. 


Brian Anderson, reverse mortgage specialist nationwide

866-779-8001 or 754-234-9559

I like to be treated like a VIP. I will treat you the way I want to be treated.

          A reverse mortgage enables older homeowners (62+) to convert part of the equity in their homes into tax-free cash without having to sell the home, give up title, or take on a new monthly mortgage payment.

         The reverse mortgage is aptly named because the payment stream is “reversed.” Instead of making monthly payments to a lender, as with a regular mortgage, a lender makes payments to you. Below are some common questions asked by consumers about reverse mortgages.

         For more details please visit :


RateHub.ca brings Canadians the lowest mortgage rates.

Related Questions

Other people asked questions on similar topics, check out the answers they received:

Asked: Where can I get $14,000 for a $153,000 home?

where can I get $14,000 for a $153,000 home?

Asked: Mortgage

What is mortgage?

Asked: Mortgage

What is second mortgage?

More Questions

What is a reverse mortgage?

it is a financial instrument that allows seniors to access the equity in their home without income or credit qualifications.

Reverse mortgage tax question

The benefit of reverse mortgages is that they allow seniors to get extra tax free income. So, no, you will not have to pay taxes on the money you get from the reverse mortgage. http://www.articleinsider.com/mortgage/massachusetts-mortgages/reverse-mortgages

How to become a Reverse Mortgage Agent

Hi, Call me to discuss. Brian, Metlife - 754-234-9559

Do you have to own the house to get reverse mortgage?

>>Do you have to own the house to get reverse mortgage? The home must be the homeowners primary residence in order to get a Reverse Mortgage. >>who thinks that you can take out reverse mortgage with only 20 percent equity It's possible to do that, but the homeowner will need to contribute some ...