Reverse Mortgage Funding expands payment options on proprietary reverse product

Reverse Mortgage Funding expands payment options on proprietary reverse product
Reverse Mortgage Funding is expanding the payment options on its proprietary reverse mortgage – the Equity Elite – to include term payments. Previously, Equity Elite borrowers could withdraw up to $4 million in their home’s equity in a lump sum only at closing. Now, borrowers can select any number of term payments between 24 and 120 months.
Source: https://www.housingwire.com/rss