reverse mortgage – Fintrakk

Common Uses of a Reverse Mortgage

October 30, 2024July 25, 2023 by Harleen Kaur

A reverse mortgage is a unique financial tool that allows homeowners who are 62 or older to convert a portion of their home equity into cash. Unlike traditional mortgages, where borrowers make monthly payments to the lender, with a reverse mortgage the lender pays the homeowner. The concept behind a reverse mortgage is simple; it … Read more

How Reverse Mortgages Started and How They Work?

May 24, 2019 by Harleen Kaur

Reverse mortgages, how reverse mortgage works

The idea of retiring may conjure up visions of expensive vacations or hobbies you will finally have time for, but will you have the money? If you are not even sure how you will afford your regular bills on retirement, extras may seem out of the question. However, you can take advantage of reverse mortgage … Read more