Posted by Liberty ReverseMortgage 10 months ago In:

Liberty ReverseMortgage
Liberty ReverseMortgage Asked:

What is reverse mortgage.

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Jessica David
Jessica David Answered:

A reverse mortgage is a form of equity release (or lifetime mortgage). It is a loan available to home owners of retirement age, enabling them to access a portion of their home's equity. The home owners can draw the mortgage principal in a lump sum, by receiving monthly payments over a specified term or over their (joint) lifetimes, as a revolving line of credit, or some combination thereof. (i.e., into aged care). (for more, visit en.wikipedia.org/wiki/Reverse_mortgage) Smile

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PGroot
PGroot Answered:

The answer was good, but the question wasn't really a question; it is just self-promotion and should be reported as spam.

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