Understanding the Reverse Mortgage
Date: Wed. September 10, 2008
Time: 6:30 pm
Location:
Canaryville
642 W. 43rd Street
60609
Program: Money Smart
About this event:
The Reverse Mortgage is a type of loan that enables senior home owners to tap into the equity they have in their homes and receive cash proceeds. Unlike the traditional equity loans, no repayment is required until the home owner is no longer in the principal residence. Learn how these various products work, how someone qualifies, costs involved and the mandatory HUD counseling session required to apply for this loan.
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