Financial Planning

The Essential Reverse Mortgage Factsheet

Written by Mint.com
Published Nov 18, 2009
1 min read
The views expressed on this blog are those of the bloggers, and not necessarily those of Intuit. Third-party blogger may have received compensation for their time and services. Click here to read full disclosure on third-party bloggers. This blog does not provide legal, financial, accounting or tax advice. The content on this blog is "as is" and carries no warranties. Intuit does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. After 20 days, comments are closed on posts. Intuit may, but has no obligation to, monitor comments. Comments that include profanity or abusive language will not be posted. Click here to read full Terms of Service.

At MintLife we strive to make complex financial topics easy-to-understand. Most homeowners are already familiar with the concept of a mortgage. A Reverse Mortgage lets you borrow money against the value of your home without your needing to pay it back until either one of two things happen; either you die or you sell the home. With recent government regulations in place, the Reverse Mortgage is a financial instrument set to explode with the wave of retiring baby boomers. These mortgages not only affect the borrower, but their heirs as well, so it’s important to understand the ins and outs of process and product. The Reverse Mortgage can be a lifesaver for some, but is not for everyone. This factsheet will show you how it works.

Provided by Reverse Mortgage Guide

For more personal finance visualizations see: WallStats.com

Embed the above image on your site
<a href="http://www.mint.com/blog/wp-content/uploads/2009/11/ReverseMortgageMint-1.jpg" target="_blank"><img fetchpriority="high" decoding="async" src="http://www.mint.com/blog/wp-content/uploads/2009/11/ReverseMortgageMint-1.jpg" alt="ReverseMortgageMint-1" title="ReverseMortgageMint-1" width="1275" height="2304" class="alignnone size-full wp-image-7166" /></a><br /><a href="http://www.mint.com/invest/real-estate/" target="_blank">Real Estate Investing</a> – Mint.com