What is a Reverse Mortgage?

A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash.

How is a reverse mortgage different from a regular mortgage?

A reverse mortgage does not require monthly payments like a conventional loan. Instead the principal amount of the mortgage grows monthly. In general, that principal amount is 

Learn more about Reverse Mortgages in CT.

If you have any questions, contact us to speak with a real estate attorney.

Law Office of Chris Albanese
February 21, 2017