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Assignment of Mortgage by Individual Mortgage Holder Kansas  Form

Assignment of Mortgage by Individual Mortgage Holder Kansas Form

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Instructions and help about Assignment Of Mortgage By Individual Mortgage Holder Kansas

hi I'm Heather basket with living well reality today I'm joined by Mike Tannis a mortgage loan officer with you morgage and today we're going to talk about reverse mortgages so Mike what exactly is a reverse mortgage so a reverse mortgage lets homeowners 62 years and older convert their home equity Into Cash without monthly payments so unlike a traditional Mortgage in this situation the lender is actually going to pay the homeowner and that repayment is going to be deferred until either the homeowner sells moves or passes away so who can qualify for this so homeowners 62 and older with significant equity in their home can qualify for this now it's going to be important that they do keep up with their property taxes their homeowners insurance and any maintenance that they have in their subdivision

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