on 01-12-2017 02:00 PM
I would like information on my reverse mortgage. I am wondering why my monthly payments are not reducing my Reverse Mortgage. Is it possible to arrange to have them reduce my mortgage?
on 01-12-2017 03:39 PM
Hi @Kinetics7, the reason for this is that Reverse Mortgages are an interest only product, so your repayments are only made up of the interest accrued. Thanks
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