All posts by: Mann

by in Education, Money, Retirement

History of the Reverse Mortgage

The reverse mortgage is a unique loan product.  Since 1961 to current it has been through numerous developmental changes that has helped many senior homeowners.  A brief history of the Reverse Mortgage. The first reverse mortgage was written by Nelson Haynes of Deering Savings & Loan of Portland, ME in 1961.  The client was Nellie […]