What’s the difference between a reverse mortgage and a bank home equity loan?

With a traditional second mortgage, or a home equity line of credit, you must have sufficient income versus debt ratio to qualify for the loan, and you are required to make monthly mortgage payments. The Reverse Mortgage is different in that it pays you and is available regardless of your current income. The amount you can borrow depends on your age, the current interest rate, and the appraised value of your home or FHAs mortgage limits for your area, whichever is less.

Generally, the more valuable your home is, the older you are, the lower the interest, the more you can borrow. You don't make payments because the loan is not due as long as the house is your principal residence. Like all homeowners, you still are required to pay your real estate taxes and home owners insurance, but with an FHA-insured Reverse Mortgage, you cannot be foreclosed or forced to vacate your house because you missed a payment.

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.