Reverse Mortgage
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Reverse Mortgage

This forum promotes education about the FHA Guaranteed Home Equity Conversion Mortgage (HECM) and other proprietary reverse mortgage products.


LUMP SUM PAYMENT

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Reverse Mortgage :: Reverse Mortgage Basic Information :: Proprietary Reverse Mortgage Products

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LUMP SUM PAYMENT Empty LUMP SUM PAYMENT

Post  Paul Jamison Fri Feb 08, 2008 2:11 pm

What does the lump sum payment entail

Paul Jamison

Posts : 21
Join date : 2008-01-28

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LUMP SUM PAYMENT Empty Re: LUMP SUM PAYMENT

Post  Marc Johnson Fri Feb 08, 2008 2:32 pm

If you choose to receive your proceeds in a single lump sum of cash, you may use the cash for any purpose you see fit. There are no restrictions;

Marc Johnson

Posts : 20
Join date : 2008-01-28

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Reverse Mortgage :: Reverse Mortgage Basic Information :: Proprietary Reverse Mortgage Products

 
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