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What Is Negative Amortization And How Does It Work With Reverse Mortgages?

- Monday, June 10, 2019

Negative amortization is the process of how a mortgage balance increases over time instead of decreasing. Reverse mortgages do not require any payments to be paid on a monthly basis. However, since a reverse mortgage is not free money, the homeowner is still charged interest (and mortgage insurance in the case of FHA reverse mortgages), and these charges are added to loan balance increasing the balance to be eventually paid when the last homeowner permanently leaves the home.

How Negative Amortization Works on Reverse Mortgages [DOWNLOAD]

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Bruce Simmons
I absolutely love what I do - working with senior homeowners to help them live a more comfortable, flexible and secure retirement. I have the absolute best customers in the world, and even though I worked in the forward mortgage business for a number of years, I could never go back to doing conventional loans. I'm a 100% reverse mortgage specialist.
 

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Bruce Simmons Reverse Mortgage Specialist

American Liberty Mortgage, Inc.
Bruce E. Simmons, CRMP
Reverse Mortgage Manager
NMLS #409914

1932 W 33rd Ave
Denver, CO 80211

Direct: (303) 467-7821
Cell: (303) 513-2748
Toll Free: 1-877-467-7801

Fax: (303) 600-7871
bruce@almortgageinc.com

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