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May 11, 2007
Reverse Mortgages - Using the Equity in Your Home to Retire in
The reverse mortgage is a special type of home refinance for a person 62 years old or older. This is a way that a person can pull money out of his home without having to make payments on the line of credit or lump sum that they receive. With this type of program there is no payment or repayment of the loan and the money may be distributed in one lump sum payment, used to create a fixed income for the duration of life, or it may be used as a line of credit to be drawn upon as
From Reverse Mortgages - Using the Equity in Your Home to Retire in
Posted by John at May 11, 2007 08:56 AM
