A reverse mortgage net principal limit is the maximum amount of money that a borrower using a reverse mortgage can receive, net of costs and fees.
A home equity conversion mortgage (HECM) is a type of Federal Housing Administration (FHA) insured reverse mortgage.
NRMLA Members must adhere to a strict Code of Ethics & Professional Responsibility that requires the highest ethical treatment of reverse mortgage customers before, during, and after they more… Bor...
The meaning of REVERSE MORTGAGE is a mortgage that allows an elderly person to convert home equity into available funds through a line of credit, cash advance, or periodic disbursements to be repai...
A proprietary reverse mortgage is a loan that allows seniors to draw on their homes' equity. It isn't federally insured like most reverse mortgages.
Remain as the property owner and can continue to live in the property for the rest of life. ; Choose to receive monthly payouts over a fixed payment term, or for life ; Borrow lump-sum loan(s) for specific purposes when needed
Everything you need to know about reverse mortgages—what they are, how they work, and how to decide if one is right for you.
Any new journey is much easier when you have a good map. Members of the National Reverse Mortgage Lenders Association (NRMLA) are dedicated to guiding you through the more… Your Road Map to a Rever...
A reverse mortgage allows you to tap the equity in your home. A living trust offers more control over what happens to your home after you die.
How much may a reverse mortgage offer you? Enter your own information and get an estimate.