{"id":860,"date":"2014-10-09T14:10:18","date_gmt":"2014-10-09T14:10:18","guid":{"rendered":"https:\/\/palmettofirstmortgage.com\/2014\/10\/reverse-mortgages\/"},"modified":"2018-03-30T11:42:27","modified_gmt":"2018-03-30T15:42:27","slug":"reverse-mortgages","status":"publish","type":"page","link":"https:\/\/palmettofirstmortgage.com\/reverse-mortgages\/","title":{"rendered":"Reverse Mortgages"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_one_full-15d750bd1b332b34c6e70b077ebbccdf\">\n.flex_column.av-av_one_full-15d750bd1b332b34c6e70b077ebbccdf{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-av_one_full-15d750bd1b332b34c6e70b077ebbccdf av_one_full  avia-builder-el-0  avia-builder-el-no-sibling  first flex_column_div av-zero-column-padding  '     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_image-210d75d82601534264245fa43cec82aa\">\n.avia-image-container.av-av_image-210d75d82601534264245fa43cec82aa img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-av_image-210d75d82601534264245fa43cec82aa .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-av_image-210d75d82601534264245fa43cec82aa av-styling- avia-align-center  avia-builder-el-1  el_before_av_hr  avia-builder-el-first '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-1498 avia-img-lazy-loading-not-1498 avia_image ' src=\"https:\/\/palmettofirstmortgage.com\/wp-content\/uploads\/2018\/03\/top-reverse-mortgages-myrtle-beach.jpg\" alt='Reverse Mortgages Myrtle Beach' title='top-reverse-mortgages-myrtle-beach'  height=\"460\" width=\"1000\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/palmettofirstmortgage.com\/wp-content\/uploads\/2018\/03\/top-reverse-mortgages-myrtle-beach.jpg 1000w, https:\/\/palmettofirstmortgage.com\/wp-content\/uploads\/2018\/03\/top-reverse-mortgages-myrtle-beach-300x138.jpg 300w, https:\/\/palmettofirstmortgage.com\/wp-content\/uploads\/2018\/03\/top-reverse-mortgages-myrtle-beach-768x353.jpg 768w, https:\/\/palmettofirstmortgage.com\/wp-content\/uploads\/2018\/03\/top-reverse-mortgages-myrtle-beach-705x324.jpg 705w, https:\/\/palmettofirstmortgage.com\/wp-content\/uploads\/2018\/03\/top-reverse-mortgages-myrtle-beach-450x207.jpg 450w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-av_hr-616cd310f4c6bf63bbd1f033802c1165\">\n#top .hr.hr-invisible.av-av_hr-616cd310f4c6bf63bbd1f033802c1165{\nheight:20px;\n}\n<\/style>\n<div  class='hr av-av_hr-616cd310f4c6bf63bbd1f033802c1165 hr-invisible  avia-builder-el-2  el_after_av_image  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-av_textblock-2de302bf1aa3cf4c9157dbe6f50ac7eb '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>What is a Reverse Mortgage?<\/h2>\n<p>A reverse mortgage is loan available to homeowners who are 62 years or older that enables them to convert part of the equity in their home into cash.<\/p>\n<p>The product was conceived as a means to help retirees with limited income use the accumulated wealth in their homes to cover basic monthly living expenses and pay for health care. However, there is no restriction for how reverse mortgage proceeds can be used.<\/p>\n<p>The loan is called a reverse mortgage because the traditional mortgage payback stream is reversed. Instead of making monthly payments to a lender, as with a traditional mortgage, the lender makes payments to the borrower.<\/p>\n<p>You are not required to pay back the loan until the home is sold or otherwise vacated. As long as you live in the home, you are not required to make any monthly payments towards the loan balance, but you must remain current on your property taxes, homeowners insurance and condominium fees (if you live in a condo). .<\/p>\n<\/div><\/section><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Myrtle Beach South Carolina Reverse Mortgages<\/title>\n<meta name=\"description\" content=\"Palmetto First Mortgage is best place to find a reverse mortgage in Myrtle Beach, South Carolina\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/palmettofirstmortgage.com\/reverse-mortgages\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Myrtle Beach South Carolina Reverse Mortgages\" \/>\n<meta property=\"og:description\" content=\"Palmetto First Mortgage is best place to find a reverse mortgage in Myrtle Beach, South Carolina\" \/>\n<meta property=\"og:url\" content=\"https:\/\/palmettofirstmortgage.com\/reverse-mortgages\/\" \/>\n<meta property=\"og:site_name\" content=\"Palmetto First Mortgage - 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