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What is a reverse mortgage? Do I want one? | Kelsey Publishing

This is a discussion on What is a reverse mortgage? Do I want one? | Kelsey Publishing within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; If you have not already heard the term reverse bmortgage/b, it sounds like a strange thing. Reverse bmortgages/b are becoming ...


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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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Old 11-20-2008, 11:36 AM
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Default What is a reverse mortgage? Do I want one? | Kelsey Publishing ...

If you have not already heard the term reverse bmortgage/b, it sounds like a strange thing. Reverse bmortgages/b are becoming more and more popular these days, but are they scams or are they legitimate?Is it really possible to sell your house b.../b

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