Single-function reverse mortgages are agreements through which lenders make payments to borrowers in exchange for the part of the borrower’s property equity. Borrowers must use these payments for a specific purpose that the lender approves, such as purchasing residence taxes, servicing and upkeep of the house or dwelling insurance premiums. https://emiliozfknq.blogthisbiz.com/45760789/little-known-facts-about-77-loans