cuatro. Reverse mortgages. Reverse mortgages, also known as contrary annuity otherwise house guarantee sales mortgage loans, and permitting an individual to track down enhances, can get include the new disbursement regarding month-to-month enhances toward user to possess a fixed several months or before density out of a meeting such as for instance due to the fact customer’s demise. Fees of one’s opposite financial (essentially just one payment away from dominant and you may accrued focus) may be required becoming generated after the latest disbursements otherwise, including, upon the newest death of an individual.