What are Monthly Installments?

Monthly Installments

With an adjustable rate reverse mortgage, you can choose to have the lender pay your funds in monthly installments. You can choose to have monthly payments for a set period of time, or you can choose to receive set monthly payments for the rest of your time in the home. Both options give you the ability to enjoy a set amount of additional income each month, which makes planning your finances much easier. Monthly installments can also be combined with lines of credit to create unique options that fit your needs better.

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