With the usual mortgage, you pay on a house. With a reverse mortgage, the house pays you. It's a loan that allows an older homeowner to pull cash out of a home's equity. The mortgage is repaid when the owner dies, sells the house or moves out.
A reverse mortgage can be a way to turn your house into a retirement piggy bank, as long as you don't need to leave it for your heirs.
To find a great rate on a home loan, visit the Mortgage section at Bankrate.com.
If you're thinking about refinancing, it may be a great time to lock in a rate.
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