It only takes a few minutes to start the reverse mortgage process with Green River Mortgage.
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Known by experts as a Home Equity Conversion Mortgage, reverse mortgages are a type of mortgage for homeowners 62 and older.
Reverse mortgages differ from all other mortgages, in that the “lender” (financial institution) pays the “borrower” (the homeowner) in the form of a credit line, monthly payment, or a combination of those two options.
With a reverse mortgage, a homeowner can borrow money from their home's equity (get a lump sum or monthly installments) and does not have to make any mortgage payments back to the bank until the borrower passes or the home is sold.
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