What are equity share reverse mortgages?

equity mortgages reverse share
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What are equity share reverse mortgages?

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Loans with an equity share feature allow you to receive a greater cash benefit in exchange for a portion of your homes future value. One of the reverse mortgage products currently available offers an equity share option. The potential amount shared is limited by an overall interest rate cap. All reverse mortgages offered today have built-in consumer protection features that prevent you or your heirs from owing more than the value of your home at the time the loan comes due even if your home declines in value. This risk is assumed by the lender.