what is mortgage equity
ContentsBorrowers receive moneyAdjustable- rate mortgagesHome equity borrowing habits comparedPre-mortgage meltdown daysreverse mortgage refinance calculator What is a reverse mortgage? A reverse mortgage is an option for older homeowners to access some of the equity they've built up in their home over the years. With this type of loan, instead of making a monthly payment, reverse mortgage borrowers receive money in a lump sum of cash, monthly payments or access to a line of credit.17,000 residential properties regained equity in the first quarter of 2019 The average homeowner gained $6,400 in home equity during the last year 2.2 million residential properties with a mortgage.average closing cost for refinance fha condo approval lists When the seller has to make expensive repairs instead of selling as is. When the condo association isn't on…