Single-purpose reverse mortgages are agreements in which lenders make payments to borrowers in exchange for a part of the borrower’s house fairness. Borrowers need to use these payments for a certain purpose the lender approves, like purchasing property taxes, servicing and repairs of the home or household insurance policy premiums. https://marcociouy.dbblog.net/11565842/the-2-minute-rule-for-77-loans