5. Tenure and Term Payments

What makes Reverse Mortgages so flexible are their payout options. There are several options available. You need to decide what is best suited for your wants and needs. The line of credit is the most popular payout method. It allows you to repay some of the loan balance and re-borrow as desired. Payments are often distributed via “Tenure” payments, or “Term” payments. To learn more about “Tenure” and “Term” payment options, please watch our video.