Paying off existing mortgages is also required as part of the reverse mortgage loan process. (rismedia.com)
They push the benefits of a reverse mortgage for homeowners over 62: pay off your existing mortgage, supplement your income, pay for healthcare expenses, and more. (consumer.ftc.gov)
There are many features of reverse mortgage loans that can benefit seniors who are looking to supplement their retirement income. (americanadvisorsgroup.com)