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Old 10-12-2004, 05:24 PM
crosses crosses is offline
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Default reverse mortgage
can someone give me an east to understand explanantion on how reverse mortgages work?
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Old 10-12-2004, 09:08 PM
terry1156 terry1156 is offline
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Default Re: reverse mortgage
Reverse mortgages take the equity you have in your house and pay you a monthly fee from the equity. Then when you sell or pass away, the bank recoups it money. You can read about them in more detail att he <A HREF="http://www.aarp.org/revmort-basics/">aarp website</A>
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