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Senior Reverse Mortgage Loans, Understanding the Senior Reverse

Senior Reverse Mortgage Loans, Understanding the Senior Reverse

This is a discussion on Senior Reverse Mortgage Loans, Understanding the Senior Reverse within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; As the economy slumps further into recession Senior Reverse Mortgage loans become ever more popular. There is some confusion though, ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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11-18-2008, 04:51 PM

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Senior Reverse Mortgage Loans, Understanding the Senior Reverse ...

As the economy slumps further into recession Senior Reverse Mortgage loans become ever more popular. There is some confusion though, as to the nature of the reverse bmortgage/b loan. What is it, how does it work, etc. b.../b

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