A reverse mortgage is kind of the opposite of that. You already own the house, the bank gives you the money up front, interest accrues every month, and the loan isn’t paid back until you pass away.
conversion mortgage (hecm) for homeowners. We publish articles and tools for older Americans who are considering a reverse mortgage and want to become further educated before making a decision.Reverse Mortgage Guides is a reverse mortgage educational website. Our goal is to help explain many of the pros and cons of a Home Equity