What is a Reverse Mortgage?

A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash.

How is a reverse mortgage different from a regular mortgage?

A reverse mortgage does not require monthly payments like a conventional loan. Instead the principal amount of the mortgage grows monthly. In general, that principal amount is 

Learn more about Reverse Mortgages in CT.

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If you have any questions, contact us to speak with a real estate attorney.