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Real Estate Blog - Reverse Mortgage Benefit Two

Real Estate Blog - Reverse Mortgage Benefit Two

This is a discussion on Real Estate Blog - Reverse Mortgage Benefit Two within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The second benefit that I mentioned last Thursday is: No Income, Asset, Credit or Medical requirements. What this means is ...

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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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12-08-2008, 10:40 PM

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Real Estate Blog - Reverse Mortgage Benefit Two

The second benefit that I mentioned last Thursday is: No Income, Asset, Credit or Medical requirements. What this means is that if you own your home and are 62 or over, you AUTOMATICALLY QUALIFY. I don't want to get into the fact that b.../b

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benefit, blog, estate, mortgage, real, reverse

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