Reverse Mortgages
(1) This type of loan is popular with elderly people.
(2) Elderly people take much longer to sign documents and get their ID, so be patient
(3) Reverse mortgages pay the borrower money every month in the form of a line of credit
(4) Each month, the borrower is borrowing and owing more and is borrowing from the equity of their home.
(5) Lenders prefer that you have some knowledge or experience with this type of loan and its
worth it because reverse mortages are more and more common and a great source of income for notaries.