From inside the Nyc, there are two main sorts of reverse mortgages open to elderly consumers
From inside the Nyc, there are two main sorts of reverse mortgages open to elderly consumers HECMs are definitely the just contrary mortgages insured by Government. The second, described as a proprietary contrary mortgage, is a mortgage loan that’s made in conformity on conditions of the latest York’s Real estate Legislation Section 280, or 280-a …