Boberdoo 3
How Does a Reverse Mortgage Work?
After years of paying off your mortgage, you have built up value in your home in the form of equity.
With a reverse mortgage, you borrow against your equity. The loan balance grows over time. You don’t have to pay the loan while you live in the home and you maintain ownership of your home.
When you move out, sell your home, or pass away, your loan must be paid off. Usually the loan is paid off when the home is sold.
Enjoy a better life, determine your eligibility for a reverse mortgage today. Use our free calculator now!
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