reverse mortgage

[crosses]

can someone give me an east to understand explanantion on how reverse mortgages work?

[terry1156]

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>