Investor Videos
Home Equity Conversion Reverse Mortgage Options in RetirementInvestors & Reverse Mortgages
Investor Video Tips and Reverse Mortgages
Investor Videos: Learn how reverse mortgages fund retirement and about the differences between a reverse mortgage and a home equity loan. Also find out how your reverse mortgage can pay you back and earn money in retirement. How to get a HECM loan to fund your retirement. How Can a Reverse Mortgage fund retirement? View Our Videos Located Below:
Home Equity Conversion Mortgage for Purchase
How a Home Equity Conversion Mortgage for Purchase works. A Reverse Mortgage can be used to purchase a home. However, the new loan will likely be set at 100% of the principal limit. So no line of credit or monthly stipend or LESA account is generally available, unless you put additional funds down.
Reverse Tip – Line of Credit
With a Home Equity loan or line-of-credit, you have to make monthly payments – with a reverse mortgage; you do not need to pay back the loan until the last surviving borrower leaves the home permanently.