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As you apply for a reverse mortgage, there will be various terms mentioned that you may be unfamiliar with. One such term you may see frequently is principal. All loans, regardless of the type, begin as principal. This is the amount that must be repaid to satisfy your loan. The principal is also one of the main components of your mortgage loan.
Line of credit reverse mortgages offer an...See More
When Is the Best Time to Get a Home Equity Conversion Mortgage?
You've built all this equity in your home over the years, but when is the right time to access it? If you're in the golden years of your...
How to Access the Equity in Your Home
Did you know that it is possible for older adults who have reverse mortgages to use their home equity in order to fund their retirement?...
Is a Reverse Mortgage a Good Idea?
2021 was a big year for the reverse mortgage. With over 52,000 originating in 2021 alone, it's not difficult to see that it's worth...