Items related to Home Equity Conversion Mortgage Insurance Demonstration:...

Home Equity Conversion Mortgage Insurance Demonstration: Interim Report to Congress - Softcover

 
9781288926510: Home Equity Conversion Mortgage Insurance Demonstration: Interim Report to Congress
Softcover
ISBN 10: 1288926510 ISBN 13: 9781288926510
Publisher: Bibliogov, 2013

Synopsis

Reverse mortgages are intended to assist elderly homeowners who are "house-rich and cash-poor" to tap the equity in their homes without moving and selling. With a reverse mortgage, an elderly homeowner is able to receive payments from a Lender that do not have to be repaid until the homeowner chooses to move or dies. The lender is repaid from proceeds from the sale of the property, with any proceeds in excess of the amount needed to pay off the mortgage going to the borrower or the borrower's estate.

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Publisher
Bibliogov
Publication date
2013
Language
English
ISBN 10 
1288926510
ISBN 13 
9781288926510
Binding
Paperback
Number of pages
216