Reverse Mortgages - How They Work
18 May 2017 · 3 min

3:16
Cliff Auerswald explains how reverse mortgages let homeowners, usually seniors, tap home equity without selling or making monthly payments. You choose how to receive the money: lump sum, monthly installments, or a credit line. The loan grows with interest and comes due when you sell, move, or die, with costs including origination fees and mortgage insurance.










