Both regular and reverse mortgages are types of loans. However, since reverse mortgages are only about 60 years old and still relatively unknown, many people wonder how a reverse mortgage works. […]
A reverse mortgage is a type of loan that uses the home as collateral. The reverse mortgage was created in 1961 by the United States by an East coast-based bank before being permanently adopted by the US Department of Housing and Urban Development over fifteen years later. A reverse mortgage works in reverse of a typical mortgage. […]
