English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

2006-08-30 06:51:06 · 1 answers · asked by bar 1 in Local Businesses United States Other - US Local Businesses

1 answers

An inverted mortgage or an opposite mortgage is just another name for a reverse mortgage wherein the lender pays the property owner.
A borrower can borrow money based on the property value like a "regular" mortgage.

Payment is deferred until the property is sold usually at the death of the mortgagees.

2006-08-30 10:48:31 · answer #1 · answered by Sam B 4 · 0 0

fedest.com, questions and answers