6. Reverse Mortgage Lump Sum Payments

What makes Reverse Mortgages so flexible are their payout options. There are several options available. Clients need to decide what is best suited for their wants and needs. The lump-sum payment option is most often associated with a Fixed Rate Reverse Mortgage, classified as a “closed end” loan. This means is that your clients receive all the proceeds when the loan is closed. To learn more about lump-sum payment options, please watch our video.