Explain Private Mortgage Insurance

In order to qualify for a loan, many loan companies require buyers to accept PMI. This is private mortgage insurance, and it exists to protect the loan company from defaults. Even though a home buyer usually pays for it, it does not protect them.
It will not take away that borrowers responsibility for a loan, and [...]

CAn someone explain a reverse mortgage purchase when buying a home?

Man, 69yrs old getting divorced, need to use a reverse mortgage to purchase, i need it explained to me, how it works.