Features Of Reverse Mortgage Loans

Three types of reverse mortgages are known. They are HECM or Home Equity Conversion Mortgage, Private Cash Account and Home keeper Reverse Mortgage. Features of reverse mortgage loans may differ depending on the loan program availed by a borrower.
It may be mentioned here that the different mortgage loan types have flexible options and depending on the need of the borrowers, the mortgage loan counselors may be approached.

Features of reverse mortgage loans of these three types of loans are as follows: