Rewarding Value Of Reverse Mortagage In A Down Economy Meet Harry Gordon "The Reverse Mortgage Guru"

The reverse mortgage is a relatively new type of loan against the value of a home, which provides payments to the owner over the course of his/her lifetime. What is a “reverse mortgage?” With a regular mortgage, the would-be home-owner can incur debt with which to purchase a home, which would provide equity. With a reverse mortgage, the home's equity provides owners with income. The bank would actually pay the home-owner monthly. When there was income and little or no equity, a regular mor