Video: How Does a Reverse Mortgage Work?

A common question from retirees is: “how does a reverse mortgage work?”  You can read articles about the topic, but we hope that this video will help you understand this complex product.  Watch below for a clear explanation of a reverse mortgage and find out how reverse mortgages compare to other home equity products. About the creator of this video — Project LEAF:  The objective of Project LEAF is to explain complex retirement strategies in simple terms.  How better to do that than have a grandchild put their own spin on it.  We hope you’ll enjoy Episode 1: How Does a Reverse Mortgage Work?

Boldin Planner

Take financial wellness into your own hands and do it yourself retirement planning: easy, comprehensive, reliable.

You might also like

All Posts
Housing and Home Equity

Shopping for Your Dream Retirement Home? Check Out These Popular Destinations

Are you one of the millions of Americans approaching retirement and are thinking of moving to a top retirement destination? Whether you are seeking golf, an oceanfront locale or an urban environment with accessible amenities, there are many cities and towns nationwide that are increasing in appeal among retirees. Each year, TopRetirements.com compiles a list of the […]

May 20, 2014
reverse mortgage definition Reverse Mortgages

Reverse Mortgage Definition: Your Guide to What is a Reverse Mortgage Plus a Complete Dictionary to All Reverse Mortgage Terms

Reverse Mortgage Definition:  A reverse mortgage is a type of home equity loan for homeowners over 62 years old. With no monthly loan payments, you accrue interest instead of paying it down. When you get a reverse mortgage, you are borrowing your own home equity. (Home equity is the difference between what your home is […]

September 17, 2017
Reverse Mortgages

What is a Reverse Mortgage Line of Credit?

Can a reverse mortgage line of credit give you a more carefree retirement? Get the inside scoop on this somewhat complicated financial strategy.

July 20, 2021

Your personalized path to financial wellness starts here.

Start Your Free Trial