| Home Equity Conversion Mortgage Insurance Demonstration: Interim Report to Congress Contributor(s): U. S. Dept of Housing and Urban Developm (Created by) |
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ISBN: 1288926510 ISBN-13: 9781288926510 Publisher: Bibliogov OUR PRICE: $22.28 Product Type: Paperback Published: March 2013 |
| Additional Information |
| BISAC Categories: - Political Science |
| Physical Information: 0.46" H x 7.44" W x 9.69" (0.87 lbs) 216 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Reverse mortgages are intended to assist elderly homeowners who are "house-rich and cash-poor" to tap the equity in their homes without moving and selling. With a reverse mortgage, an elderly homeowner is able to receive payments from a Lender that do not have to be repaid until the homeowner chooses to move or dies. The lender is repaid from proceeds from the sale of the property, with any proceeds in excess of the amount needed to pay off the mortgage going to the borrower or the borrower's estate. |