Reverse Mortgage

Reverse Mortgage Division within National AMC

By | Borrowers, Reverse Mortgage | No Comments

What is a Reverse Mortgage? A Reverse Mortgage is a loan available to home owners of retirement age (at least 62 years of age), enabling them to a portion of their home’s equity. The home owners can draw the mortgage principal in lump sum, by receiving monthly payments over a specified term or over their (joint) lifetimes, as a revolving line of credit, or some combination thereof. To qualify, the…

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