With a reverse annuity mortgage the borrower receives payments from the bank

Name: With a reverse annuity mortgage the borrower receives payments from the bank
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With a reverse annuity mortgage, the borrower receives regular payments from the bank or lender, usually in exchange for part of the equity in their home. This type of mortgage is designed for older homeowners who have significant equity in their homes but limited income and want to supplement their retirement income.

With a Reverse Annuity Mortgage the Borrower Receives Payments from the Bank