A reverse mortgage specialist provides reverse mortgage products and may work for a bank, broker, or organization. They require training in finance and must consider factors such as the borrower’s age, health, and potential for a decline in home value. Reverse mortgages are used by seniors for a steady source of income and are available […]
A bond is a promise to repay a fixed amount of money with interest. Mortgage companies issue loans and sell them to financial institutions as mortgage bonds. If the borrower defaults, the financial institution may suffer a loss if the bond is worth more than the house. A bond is similar to a promissory note. […]
