Negative equity security, in the event that you took down a reverse mortgage before this date, always check your agreement.
Negative equity security, in the event that you took down a reverse mortgage before this date, always check your agreement. Reverse mortgages applied for from 18 September 2012 have negative equity security. This implies you can’t find yourself owing the financial institution significantly more than your house is well well worth (market value or equity). If it generally does not consist of negative equity protection, speak to your loan provider or get separate suggestions about what direction to go. Residence reversion and just how house Continue→