Monday, April 7, 2008

Defined Reverse Mortgage

Throughout this post, I will discuss with you about one of financial terms. That is Reverse Mortgage. Have you ever heard this terms before? Here we go the definition I get from Google. Reverse mortgage defined as Money borrowed by senior citizens using their home as collateral. This loan has to be repaid from the proceeds of the estate when the owner dies.

This type of mortgage was helpful for you who might right now needs an extra money. You can using your house as your collateral. Whether you live in california, you can search more info about ca reverse mortgages or california reverse mortgages on the internet. This way you might can get a best offer for reverse mortgage in your hometown. I hope this article useful enough, tomorrow we will discuss another financial terms on this blog. See you soon...