Planning for Retirement This article is as much for homebuyer and homeowners 62 years or older, as it is for the adult children of aging parents. Reverse mortgages are primarily about providing financial options that include allowing you to leverage your home’s equity to help subsidize increasing health costs, or supplementing retirement income to realize […]
Common Uses For The Reverse Mortgage A Reverse Mortgage unknown to many, can be used by anyone for any reason. As long as you own your home, have adequate equity and are of at least the healthy age of 62 or better, you may be able to qualify for a Reverse Mortgage. There is nothing […]
Reverse Mortgage Maybe you’ve seen commercials on TV about Reverse Mortgages. Mortgage companies offering this Government insured mortgage solution are famous for using Celebrity spokespeople to build awareness for this underutilized home mortgage loan program. A Home Equity conversion Mortgage (HECM), also known as a Reverse Mortgage, is government insured loan program offered by the […]
What is a Reverse Mortgage or Home Equity Conversion Mortgage, HECM A reverse mortgage is a special type of home loan that allows older homeowners to access the equity they have built up in their homes and defer payment of the loan until they pass away, sell, or move out. The loan proceeds are generally […]
A reverse mortgage is a special type of home loan that allows older homeowners to access the equity they have built up in their homes and defer payment of the loan until they pass away, sell, or move out. The loan proceeds are generally provided to the borrowers as lump-sum payments, monthly payments, or as […]
A question from a daughter wanting to know more about reverse mortgages for her mother. Question – So this is a real estate question – not for my business but for my family. My mom needs to retire and she can only retire without a mortgage but doesn’t have the money to buy outright. She’s […]