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Reverse Mortgages

Elements, Considerations & Market Developments

Language EnglishEnglish
Book Hardback
Book Reverse Mortgages Meghan Galloway
Libristo code: 06438603
Publishers Nova Science Publishers Inc, April 2013
A reverse mortgage is a special type of home loan for older homeowners that requires no monthly mort... Full description
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A reverse mortgage is a special type of home loan for older homeowners that requires no monthly mortgage payments. Borrowers are still responsible for property taxes and homeowner''s insurance. Reverse mortgages allow seniors to access the equity they have built up in their homes now, and defer payments of the loan until they die, sell, or move out of the home. The original purpose envisioned for reverse mortgages was to convert home equity into cash that borrowers could use to help meet expenses in retirement. Borrowers could choose between an income stream for everyday expenses, a line of credit for major expenses (such as home repairs and medical expenses), or a combination of the two. This book examines the changes that have taken place in the marketplace and in the consumers who use reverse mortgages, with a focus on consumer protection concerns.

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About the book

Full name Reverse Mortgages
Language English
Binding Book - Hardback
Date of issue 2013
Number of pages 175
EAN 9781622579655
ISBN 9781622579655
Libristo code 06438603
Weight 546
Dimensions 184 x 262 x 17
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