Reverse Mortgages 101

Considering a reverse mortgage ?
Take a look at my new video to know the basics.

00:00:00 – Introduction
00:00:08 – What is a reverse mortgage
00:01:39 – How is the loan structured
00:01:56 – Requirements to qualify
00:02:51 – Options to receive the proceeds
00:04:09 – How is the mortgage amount determined
00:05:07 – Costs of getting a reverse mortgage
00:06:01 – Downsides of a reverse mortgages
00:06:51 – Summing up
00:07:16 – Thank you for your time!

More information below: Subscribe to my channel:

To apply for a mortgage loan:

For free credit report (keep in mind its fee only if done once a year):

U.S. Department of Housing and Urban Development:

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