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The product was conceived as a means to help retirees with limited income use the accumulated wealth in their homes to cover basic monthly living expenses and pay for health care. However, there is no restriction how reverse mortgage proceeds can be used. Reverse Mortgage Lenders Serving El Paso, TX.
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El Paso Reverse Mortgage – A Home for your Family – Contents gardner denver holdings latest home mortgage disclosure Institutions examination council Dreams. commerce home mortgage A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash. The product was conceived as a means to help retirees with limited income.