Reverse Mortgages and How They Work
Unlike a conventional mortgage, with a reverse mortgage, you don’t make monthly mortgage payments.
St. Croix Home Loans has unique mortgages available with knowledgeable specialists who handle the process with and for you. We’ve put together a quick video (right on desktop, below on mobile) to explain how reverse mortgages work.
A reverse mortgage, not unlike a standard mortgage, allows homeowners to borrow money using their homes equity. Also like a conventional mortgage, when you take out a reverse mortgage loan, the title remains in your name.