It’s called a reverse mortgage because, instead of you making payments to the lender, the lender makes payments to you! With your traditional mortgage, monthly payments are made by you to the lender. A reverse mortgage has the lender paying you. It is a special type of loan that allows the qualifying homeowner to borrow against…
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Whether you’re purchasing your first home or taking cash out to make your dream home even dreamier, the door is open. Welcome to Better Rate Mortgage.