How a Reverse Mortgage Can Be Used to Purchase a Home Reverse mortgages have traditionally been used as a way for older homeowners to access the equity in their home and receive regular payments, either as a lump sum, tenure or term payment, or…
Continue Readingabout How a Reverse Mortgage Can Be Used to Purchase a Home
Are Reverse Mortgages Scams? Financial products are sometimes met with a degree of caution and skepticism. Although this can be a good thing, it can also lead to legitimate products being unfairly treated and painted…
Benefits of a Reverse Mortgage Line of Credit The line of credit feature of a reverse mortgage allows seniors to tap into the equity in their homes to receive cash as a lump sum and/or…
Continue Readingabout Benefits of a Reverse Mortgage Line of Credit
How a Reverse Mortgage Works After the Borrower’s Death When the last surviving borrower on a reverse mortgage loan passes away, the loan becomes due and payable. The amount due is equal to the full…
Continue Readingabout How a Reverse Mortgage Works After the Borrower’s Death
Can Reverse Mortgages Be Refinanced? So you’ve heard about the reverse mortgage product but are wondering, “can reverse mortgages be refinanced?” Well, the short answer is, yes, a reverse mortgage can be refinanced. However, just…
The Heirs’ Responsibility When It Comes to a Reverse Mortgage When a homeowner has a reverse mortgage, the loan typically becomes due when the borrower sells the property, the last surviving borrower permanently moves out…
Continue Readingabout In Reverse Mortgage What is The Responsibility of Heirs
Reverse Mortgage Closing Costs When your client is considering a Home Equity Reverse Mortgage (HECM), they may have questions about the reverse mortgage closing costs. Although reverse mortgage closing costs are similar to those of…
Alleviating the Burden of Today’s Inflation with a Reverse Mortgage Inflation can be a major burden for retirees, especially during times of high inflation like we are experiencing now. Although many Americans plan for some…
Continue Readingabout Alleviating the Burden of Today’s Inflation with a Reverse Mortgage
Bridging the Gap Between Living Expenses and Social Security Income with a Reverse Mortgage Planning for and maintaining retirement can seem like a difficult task, especially when it comes down to the finances of it….
