Reverse

“Reverse” in reverse mortgage refers to the reversal in payment flows. With a standard mortgage, the balance starts high, and the borrower makes payments each month to lower it. With a reverse mortgage, the opposite is true. The initial loan balance is relatively low, and it grows over time as the borrower draws funds and as interest adds to it.

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Single Purpose Reverse Mortgage

When you apply for a reverse mortgage, lenders must conduct...

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When you apply for a reverse mortgage, lenders must conduct...

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Find out if a GoodLife Home Loans reverse mortgage is right for you.