Which Home Security System Is Right for Me. » Home security comprises a number of different technologies, tools and techniques. Choose one that fits your needs and your budget. Tips Advice. What is a reverse mortgage loan. A reverse mortgage is a type of mortgage loan that's open to homeowners who are 62 or older. These loans allow these homeowners to convert a portion of their home equity into cash. With a reverse mortgage, the borrower doesn't make monthly payments to the lender.
Instead, the loan is repaid to the lender via proceeds raised from the sale of the property after the borrower moves out of the home or dies.
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Cash transfer times and repayment terms vary between lenders. Repayment terms may be regulated by state and local laws.
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