Advantage reverse mortgages are loans that allow qualified borrowers to obtain a reverse mortgage on qualifying properties. In 2015, aag began offering these reverse mortgage loans, in a growing number of states.
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A reverse mortgage is a type of loan that's reserved for seniors age 62 and older, and does not require monthly mortgage payments. Instead.
Reverse Mortgages | Consumer Information – Most reverse mortgages have variable rates, which are tied to a financial index and change with the market. Variable rate loans tend to give you more options on how you get your money through the reverse mortgage. Some reverse mortgages – mostly HECMs – offer fixed rates, but they tend to require you to take your loan as a lump sum at closing.
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