Get to Know the Pros and Cons of a Reverse Mortgage
There’s a good chance you’ve heard of a reverse mortgage. The idea behind it is simple—rather than getting a home loan and making payments to the lender, the lender makes payments to you. These payments can either be a lump sum or a monthly payment. Either way, you’re not required to repay the loan until you pass on or move out of the house.
Original Article Source Credits:The Balance , https://www.thebalance.com/
Article Written By : MIRANDA MARQUIT
Original Article Posted on : June 01, 2020
Link to Original Article: https://www.thebalance.com/reverse-mortgage-pros-and-cons-2388750