With a traditional home loan you borrow money in advance and pay the loan down gradually. A Reverse Home loan is the opposite you collect the loan in time and pay it all back when you and your spouse (if applicable) are no longer living in…

They may need that you use some of your reverse home loan funds to pay any delinquent residential or commercial property costs. Your loan provider must be informed immediately if any person who looked for the reverse home mortgage passes a…