By Don Seibert
That’s right - once you turn 62 years of age and own your own home, you become eligible for a reverse mortgage. This relatively new mortgage vehicle can provide you with income from the equity in your home. In fact, if you owe less than 20% to 40% of the value of your [...]
Reverse mortgages are starting to get popular in the United States because of the reason that it could get money to people’s pocket without needing to worry about upfront repayment. This is basically a type of loan that you can take based on the equity of your home. The fact that one can get this [...]
By Vickie Faria
If you have just purchased a new home, you are probably giddy with excitement at the thought of moving in. You probably already have grand plans for how you will decorate and paint every room in the home as well as how you will landscape the outside around your lot. If you did [...]
By John Mazzara
For people who are around retirement age, many are finding that a reverse mortgage is one of the best senior housing options out there today. These loans can be used with an existing home and also to purchase a new home. In fact, this is becoming an increasingly popular option with many seniors [...]
By Robert E Jones
What’s a Reverse Mortgage?
• A government insured program that enables senior homeowners to convert a percentage of the homes equity into cash, while retaining ownership.
Who is eligible?
• Homeowners who are at least 62 years of age.
• Properties include: Single Family Homes, Condos, Town Homes 1 to 4 unit dwellings and Manufactured Homes [...]
