Posted on May 29, 2020

Reverse Mortgage Specialists

Reverse Mortgage Lets Your Reverse Your Monthly Mortgage Payment

Homeowners have a lot of questions when it comes to reverse mortgage. One of the most common one is if they can still take out a reverse mortgage if they already have mortgage. Many people believe that the answer to this question is no. But the truth is, reverse mortgage allows its borrower to reverse their existing mortgage payment. The borrower no longer have to make monthly payments because they can use the proceeds from the reverse mortgage to end their mortgage once and for all.

Reverse mortgage loan is federally guaranteed. It is also a regulated program which means there are some restrictions.
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