Do you know what a Reverse Mortgage is? A reverse mortgage is a special loan for older people who own a house. If you are 62 years or older, the bank gives you money every month (or as one big amount), and you do not have to pay it back right now. You can stay in your house. The loan is paid back only when you sell the house, move out forever, or pass away. Your children will pay for it later, or the house will be sold.
FAQs
Do I lose my house?
No! No! You keep living in your house as long as you want.
Do I pay every month?
No! You do not pay anything every month. The bank waits.
What if I want only some money, not all?
You can choose a small amount every month or one big amount—just tell the calculator what you want.
Is it only for rich people?
No, any homeowner above 62 years can try. Even small houses work.
Is the calculator free?
Yes! 100% free and very safe to use on good websites.
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