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A reverse mortgage is a mortgage where one can borrow more money, using the equity in one's home as a security for borrowing. Generally, one is allowed to choose when and how much to pay back; however, interest rates tend to be higher than that for standard mortgages.

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12y ago

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Where can one find reverse mortgage rules?

Reverse mortgage rules can be found at your local bank and at Consumer Information, Home Guides, Investopedia, Reverse Mortgage Daily and Market Watch.


Where can one find information on reverse mortgage loans?

One could find information on reverse mortgage loans by contacting a local mortgage agent or expert. Such expert or agent would provide precise and accurate information.


Where can one find information regarding reverse mortgage fees?

One can find information regarding reverse mortgage fees by contacting one's mortgage/insurance/bank provider. The customer service people will help provide the information one needs.


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.


Where can one find information on reverse mortgage counseling?

A good place to find out more information on reverse mortgages is your local bank/mortgage consultant. Another source of information is the National Council on Aging website.


Where can one find a reverse mortgage calculator?

It may help to contact your bank, building society or money service provider. Another way of finding a reverse mortgage calculator is to visit "Reverse Money Calculator" website.


Where can one find an explanation of a variable mortgage?

You can find a good and detailed explanation right here as your question is being answered. A variable rate mortgage is just what it says a variable rate that means the rate can change over times. This is in contrast to the more traditional fixed rate mortgage.


Where can one find information on how does a reverse mortgage work?

Reverse mortgages are fairly complicated to understand without the help of a financial advisor or a mortgage broker. One's local financial institution is the best and most reliable source of information concerning reverse mortgages.


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.


What reverse mortgage calculator is the best one?

Opinions vary about which reverse mortgage calculator is the best, but a very good one is the AARP Reverse Mortgage Calculator. It provides estimates for two different reverse mortgage programs to tell you how much money you might receive under the plan.


Your age is 55 Are you eligible for Reverse Mortgage?

No. One has to be over 62 years old to get qualified for Reverse Mortgage.


Where can one find information on reverse mortgage calculations?

The Federal Trade Commission website has a lot of different consumer information. These include subjects on home loans, home renovations and reverse mortgage calculations.