Tag Archives: reverse mortgage

Reverse mortgages are a type of mortgage that allows consumers to borrow money against their home equity in order to purchase a property or to improve their home. When a marriage ends, the reverse mortgage borrower may no longer be able to qualify for a reverse mortgage because the home equity loan may have been used to purchase the marital home. A divorce can have a significant impact on a reverse mortgage borrower’s ability to qualify for a reverse mortgage. A spouse may no longer be able to provide the […]

A reverse mortgage is a loan that allows homeowners to borrow against the equity in their home without having to sell it. The loan is repaid once the home is sold or the borrower moves out. How long it takes to get a reverse mortgage depends on the lender you choose and the state you live in. Recommended: How Long Of A Mortgage Did Lillie Take Out? How Much is a Mortgage On a 210 000 House? 1. How long does it take to do a reverse mortgage? A reverse […]