There are many homeowners on a fixed income once they reach a certain age, however, their expenses are not always fixed costs. Sometimes, there is a large medical expense or the need for a new car or a home repair. In the event that someone needs cash flow, and they are 62 or older one […]
Mortgage Tips: Answers to 4 Common Questions About Reverse Mortgages
There are many mortgage products on the market that work for all different kinds of homebuyers, but many people have not heard about reverse mortgages and how they can benefit their situation. If you are curious about this type of mortgage and want to know more, here are some questions that will get you on […]
Is A Reverse Mortgage Right for You?
Imagine the bank depositing monthly checks into your account instead of you writing a mortgage check. That is one way a reverse mortgage can work. Traditional mortgages involve people paying down the interest and principal on a home loan. The goal is generally to pay off the property and enjoy retirement without that monthly installment. […]
