If you happen to be close to retirement and are looking at options that will be more financially beneficial for you, here are the details for a reverse mortgage and how this product can work for you. Reverse Mortgage details In short, a reverse mortgage is a type of home loan secured by a primary […]
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 […]
What is a Reverse Mortgage?
In short, a reverse mortgage is a type of home loan secured by a primary residence, where repayment is deferred to a later date – generally when the home sells. If you are 62 or older and you want money to pay off your mortgage, supplement your income, or pay for healthcare expenses, for example, […]
Are You Applying for a Reverse Mortgage? Here Are a Few Considerations.
If you’re a homeowner who is looking to tap into the home equity that you’ve spent years building, you may be interested in a reverse mortgage also called the HECM ( home equity conversion mortgage.) While these unique financial tools aren’t for everyone, if you qualify for a reverse mortgage you’ll find that this might […]
