Who knows a reverse mortgage insurance for central europe?
A reverse mortgage (known as lifetime mortgage in the UK) is a type of loan available to seniors (62 and over in the US), used as a way of converting their home equity (the value of the home, minus the amount of any existing mortgages) into one or more cash payments while retaining ownership of the property (continuing to live there) and avoiding monthly payments. Repayment of the loan is deferred until the borrower is no longer living in the home.
Related Questions
- If I’m in the process of getting a reverse mortgage, can I request that money be set aside for my property taxes and insurance (Property Charges Set-Aside)?
- Would the arrival of fresh competition from outside Europe be welcomed by French insurance buyers?
- The office knows my specific insurance benefits, right?
