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Negative equity security, in the event that you took away a reverse mortgage before this date, look at your agreement.

Negative equity security, in the event that you took away a reverse mortgage before this date, look at your agreement.

Reverse mortgages removed from 18 2012 have negative equity protection september. What this means is you cannot wind up owing the lending company a lot more than your property is well well worth (market value or equity).

If it does not consist of equity that is negative, confer with your loan provider or get separate suggestions about how to proceed.

Residence reversion and just how house reversion works

House reversion allows one to offer a percentage (a ‘share’ or ‘transfer’) of this value that is future of house even though you reside here.