Under the Reverse Mortgage for Seniors program, your income is not even a consideration in qualifying for a reverse mortgage! All of the loans that you have qualified for up to this point in your life required that you meet certain income levels to meet their debt/income ratios. This is simply not true with a [...]
By Juhani Tontti
And it is the same case with the reverse mortgage loan. The difference is, that now the money goes another way, it goes from the bank to the borrower. Despite of this fact, the reverse mortgage is always also an investment.
1. The Home Value Will Increase.
The idea of the reverse mortgage is, that [...]
By Angella Conrard
For years, reverse mortgage originators have been telling borrowers that reverse mortgages are “non-recourse”. They could never owe more than their house is worth at the time the loan is paid back. The Merriam-Webster Dictionary defines non-recourse as being or based on an agreement in which the lender has no right of recourse [...]
