Reverse Mortgages
A reverse mortgage is a special type of home loan that lets a homeowner convert a portion of the equity in their home into cash. Unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower is no longer using the home as their principal residence. HUD offers a federally-insured reverse mortgage for homeowners over 62.
Case Study: FHA Loan
Tom and Jill (69 and 65) have a comprehensive Long Term Care policy that will pay for their care when they need it. For now, they're still able to m ...
Reverse Mortgages
Reverse mortgages or Home Equity Conversion loans can allow you to tap into the equity of your home to pay for Long Term Care. Reverse Mortgages ar ...