reverse mortgage Feed

by Mike Mahoney of 617-615-9435 I recently was asked what is an a reverse mortgage by a client, so I thought I would take a moment to write about what these are. I took some of the information reverse mortgages from Wikipedia, but have provide a nice infographic on reverse mortgages. A reverse mortgage is a form of equity release (or lifetime mortgage). It is a loan available to home owners or home buyers over 62 years old, enabling them to access a portion of the subject home's equity. The home owners can draw the mortgage principal in a... Read more →

Michael Mahoney
Boston area RealtorĀ®
Affiliated with Century 21
MA. Lic.#9051300
Corp. Lic.#10046

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