Just what is a reverse mortgage?

So, just what is a reverse mortgage? It's a question we are often asked.

An article on the Financial Upside blog is right on point.

A Reverse Mortgage provides a means for an individual or entity to take the equity out of their property.   The lender provides the borrower either a line of credit or a monthly payment which is due at a later date.   

That's it exactly.  Yes, there are upsides and downsides to reverse mortgages but a good mortgage broker, someone like Ken Goffstein, will steer you in the right direction.

To read more about reverse mortgages, see the full article here.

For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us. We can help. We are the title insurance agent that does it all for you.

For your next title order or

if you have questions about what you see here, contact

Stephen M. Flatow, Esq.

Vested Land Services LLC

165 Passaic Avenue, Suite 101

Fairfield, NJ 07004

Tel 973-808-6130 - Fax 973-227-0645

E-mail sflatow AT vested.com

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