Simply how much equity needs to own an opposing home loan?
Brand new guarantee you need to be considered may vary depending on the bank you are getting an other home loan having. However, lenders basically require you to keeps at the least 50% collateral of your property.
3 brand of reverse mortgages
The most popular variety of reverse mortgage was a good HECM, that is backed by the fresh Federal Houses Government (FHA). Прочитать блог