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WEICHERT, REALTORS� - SouthShore
Phone
(813) 649-1002
Fax
(813) 649-1012
Toll Free
(888) 344-6873
E-Mail Us
237 Apollo Beach
Apollo Beach, FL 33572
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WEICHERT, REALTORS� - SouthShore
Questions & Answers
Get the answers on home selling and buying.
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Reversed Annuity Mortgages - Q & A
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Q:
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What is a reverse mortgage loan?
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A:
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A reverse mortgage is a special type of loan available only to equity-rich, older homeowners. Such owners can borrow against the equity they have built up over teh years, but no repayment is necessary until the borrower sells the property or moves elsewhere. If the borrower dies before the property is sold, the estate repays the loan (plus any interest that has accrued. These loans have become increasingly popular. If you believe you qualify for such a loan, be sure to have the document reviewed by an attorney or another expert.
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Copyright 1999 Inman News Features
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Home Advice
Get the answers on home selling and buying.
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Independently Owned and Operated
Copyright �2000-2006 Homes.com, Inc. All Rights
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misprints, or other errors. All information provided is deemed reliable but is not guaranteed and should be independently
verified. Properties subject to prior sale or rental.
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