Homeowners will even now be answerable for insurance, property taxes, and servicing; nonetheless, loan repayment is deferred till the homeowner now not lives within the home. Given that month to month mortgage payments are not required,3 seniors typically use their reverse mortgage resources as income tax-free1 money. Bankrate's team of https://andywlgle.plpwiki.com/6238751/5_tips_about_fixed_rate_loan_you_can_use_today