What's a reverse mortgage—and how common are they in NYC?

… basic level a reverse mortgage is what it sounds like a home loan where the bank pays you based on your homes value … use their apartment as their primary residence So you cant live at your beach house while still collecting cash via a … also usually come with costs including closing appraisal application and attorneys fees though origination fees on …

By Celia Young |April 2, 2024 - 3:30PM