Articles liés à Home Equity Conversion Mortgage Insurance Demonstration:...

Home Equity Conversion Mortgage Insurance Demonstration: Interim Report to Congress - Couverture souple

 
9781288926510: Home Equity Conversion Mortgage Insurance Demonstration: Interim Report to Congress

Synopsis

Reverse mortgages are intended to assist elderly homeowners who are "house-rich and cash-poor" to tap the equity in their homes without moving and selling. With a reverse mortgage, an elderly homeowner is able to receive payments from a Lender that do not have to be repaid until the homeowner chooses to move or dies. The lender is repaid from proceeds from the sale of the property, with any proceeds in excess of the amount needed to pay off the mortgage going to the borrower or the borrower's estate.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.