Why use a reverse mortgage loan?

Reverse Mortgage Blog

Why use a reverse mortgage loan?

April 23, 2019

In a separate post from this one, I have previously written by so many seniors are using reverse loans and what are most of those reasons. How are they using the money and how has it impacted their lives? How would it make a difference to you? Click here to find out if these include any of your concerns.

Lorraine Jones

This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.

*There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.

Lorraine Jones

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Why use a reverse mortgage loan?

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