Home Equity Conversion in the United States

Home Equity Conversion in the United States

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When the term is over, the borrower must repay the loan (usually necessitating sale of the home) . ... and New York (Nassau, Suffolk, and Westchester Counties) . b) FHA- insured reverse mortgages In 1989, the federal government began ... lump sum at closing, a monthly loan advance for a fixed period or for as long as the borrower lives in the home, a line-of -credit, or any combination of the above.

Title:Home Equity Conversion in the United States
Publisher: - 1991

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