Reverse Mortgage HUD House Purchase
A mortgage is a payment- house loan older and offered to homeowners 62. Most reverse mortgages are fully guaranteed by the Government’s Federal Housing Administration (FHA)–component of the US Department of the Housing and Urban Development (HUD)–and have now been accessible since 1990. As of Jan. 1, 2009, the FHA started covering reverse mortgages which you can use to buy a house. History Prior to 1990 the sole means equity could be drawn by some seniors on fixed incomes from…