Can someone please explain how a reverse mortgage works?

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Can someone please explain how a reverse mortgage works?

12-14-2013, 12:39 PM

Badweather

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Quote:

Originally Posted by BagcakeBrah

They pay you for the house.

Duh.

Its a reverse.mortgage.

The mortgage company owes u the.money nigga.

First time homeowner huh?

Youll figure it out bruh bruh.

nah, i just don't understand how they pay you but you keep the house. that doesn't make sense. once they pay you all the money, they can evict your ass right?

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