What is the difference between a home equity loan and a reverse mortgage loan?

A home equity loan (HEL), also known as a second mortgage, is similar to a traditional mortgage in that the person will get a lump sum (less fees) and pay back that money (plus interest) over ten to thirty years (most home equity loans are for ten years) A reverse mortgage (RM) allows an individual who owns their home outright (no mortgages, home equity loans or home equity lines of credit attached to the home) to receive monthly payments that tap on the equity of the home, and those payments don't have to be repaid until the home is sold, the recipient dies or specific conditions are broken Key difference between these types of loans are as follows: HEL requires income and monthly payments to be made, RM pays you monthly RM takes into account the borrower's age, HEL does not HEL has a fixed term, RM has a variable term Failure to pay HEL can result in foreclosure, RM does not HEL may allow lending up to 125% of home value, RM is limited to far less.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.