{"id":13440,"date":"2025-10-21T09:00:00","date_gmt":"2025-10-21T07:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=13440"},"modified":"2025-10-10T09:50:54","modified_gmt":"2025-10-10T07:50:54","slug":"reverse-mortgage","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/reverse-mortgage\/","title":{"rendered":"The Reverse Mortgage"},"content":{"rendered":"
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Homeowners, when they reach retirement age, can consider several options to keep their income level stable. We’ll explain the reverse mortgage option.<\/b><\/h3>\n

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The reverse mortgage is, in short, a loan granted by a financial institution, which is guaranteed by a mortgage that normally falls on the client’s usual home. In an ordinary mortgage, the money is requested to acquire the house, and the debtor must return it periodically. However, in the reverse mortgage, the property is offered in exchange for receiving the loan also periodically, or in the agreed amount at once.<\/p>\n

This product is intended for people over the age of sixty-five, those with a degree of disability equal to or greater than 33%, or who are severely dependent. The reverse mortgage on the home they own will provide them with an additional income, while the repayment of this loan will not be due to them until the time of their death.<\/span><\/p>\n

We must consider that, unlike in a normal mortgage, the debt is not paid and decreases over time. On the contrary, it increases as benefits are received and until the holder dies, or until the maximum percentage is reached according to the appraised value agreed when the mortgage is signed. In this case, the heirs could choose to take charge of the return until the debt is extinguished, if they want to keep the property.<\/span><\/p>\n\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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