Reverse Mortgage For Purchase
Customers Maintain Ownership of Their Residences
The flexibility and independence that a reverse mortgage gives borrowers is one of its major advantages. In fact, even when they take out a reverse mortgage loan, borrowers can keep ownership of their properties. Clients must fulfil all requirements of the original loan arrangement in order to keep ownership. This usually entails maintaining the house, performing required repairs, paying the property taxes on time, and keeping a homeowner's insurance policy in force.