answersLogoWhite

0

What is American reverse mortgage?

User Avatar

Anonymous

13y ago
Updated: 9/16/2019

American reverse mortgage is when you borrow money based on the value of your house. A reverse mortgage has the option of being a lump sum or installments.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

Is American Reverse a good mortgage company?

With so many mortgage companies in trouble American Reverse provides great service and good rates. They come highly recommended by those not interested in large corporations.


Do you still have to pay monthly mortgage if you have a reverse mortgage?

No, the purpose of a reverse mortgage mortgage is to eliminate mortgage payments permanently.


What is a reverse mortgage lead?

A reverse mortgage lead is where you can get names of people that are interested in getting a reverse mortgage. These leads should already have been screened to meet the criteria for a reverse mortgage.


Where can I find information about american reverse mortgage.?

American Reverse Morgage company is a company based out of FL that works with seniors to use the equity in their homes. This company only provides services in reverse mortgage and therefore claim it is their expertise. There are many links to various companies and websites that will provide more information about reverse mortgages in general.


What are the reverse mortgage scams taking place today?

Yes, there are reverse mortgage scams, as well as regular mortgage scams. You need to be careful who does your reverse mortgage, so you do not get scammed


Reverse Mortgage Calculator?

Reverse Mortgage Calculator Use this calculator to help determine the balance of a reverse mortgage. This calculator is specifically designed to show you how the outstanding balance of a reverse mortgage can rapidly grow over a period of time.


Where can you find a reverse mortgage calculator?

Reverse mortgage calculators can be found on line on most mortgage websites.There are hundreds of mortgage loan sites.& This calculator makes it easier to understand the reverse mortgage math and to let you see if this type of mortgage is best for you.


Where can I learn about reverse mortgage aarp?

A reverse mortgage is a loan that can be made under certain circumstances to senior citizens depending on the equity they have in their home. the AARP is an organization that advocates for american citizens 50 years and older.


Where can I learn about liberty reverse mortgage?

You can learn about liberty reverse mortgage from any local tax consultant or by finding it on a website which deals specifically with liberty reverse mortgage.


Can you re-finance your reverse mortgage?

yes, you can refinance it to a regular mortgage, or if interest rates are lower you can streamline it to a new reverse mortgage.


Can you get a reverse mortgage if you file bankruptcy?

Yes, a reverse mortgage does not have any credit requirements, however if you are in bankruptcy or filing one you may need court approval to do the reverse mortgage.


Where can one get reverse mortgage quotes?

There are many places where one can get reverse mortgage quotes. One can get reverse mortgage quotes at popular on the web sources such as ARRP and Bank Rate.