How do I receive my payments?

September 28, 2015 7:50 am Published by Comments Off on How do I receive my payments?

Reverse mortgage payments can be received in one of five ways:

  1. Tenure: equal monthly payments
  2. Term: equal monthly payments for a fixed period of months as specified by the borrower(s)
  3. Line of Credit: payments made in installments or at various times and in amounts dictated by the borrower(s)
  4. Modified Tenure: monthly payments with a line of credit
  5. Modified Term: monthly payments for a fixed period of months with a line of credit

Give Lineage Lending a call today with any questions regarding a reverse mortgage. As reverse mortgage originators, they are experts in all aspects of the loan process and will answer in clear, precise language.