A lot of people think that a reverse mortgage is a loan that doesn’t have to be paid back. However, a reverse mortgage is a loan against your home that has to be repaid, with interest, when you die, move out of your home, or sell it.
A lot of people think that a reverse mortgage is a loan that doesn’t have to be paid back. However, a reverse mortgage is a loan against your home that has to be repaid, with interest, when you die, move out of your home, or sell it.