Thursday, January 28, 2021
Logo
Home Reverse Mortgage Basics

Reverse Mortgage Basics

Reverse mortgages have become a popular financial product for homeowners over the age of 62. Reverse mortgages allow homeowners to take advantage of the equity that they have built up in their home and begin receiving payments. Planning for retirement can be difficult, and a reverse mortgage is a...
A reverse mortgage is perhaps the only financial product that requires counseling. This is because a reverse mortgage concerns homeowners that are senior adults (62 years or older) and who are likely to not be educated about vital information about the mortgage. Counseling ensures any step they take pertaining to the...
Could a home equity conversion mortgage be right for you? If you've been looking into a reverse mortgage, or are just curious about your options in retirement, chances are you've stumbled across a home equity conversion mortgage. You might not know what it is or how...
You might be asking: "What is a reverse mortgage?" A reverse mortgage is a loan for homeowners over the age of 62, and it requires no monthly mortgage payments. A reverse mortgage has the key benefit of allowing homeowners to access the equity that they have earned in their home,...
What is a reverse mortgage? A reverse mortgage is a special type of loan for homeowners over the age of 62. A reverse mortgage allows homeowners to stop making mortgage payments and start receiving money for the equity that homeowners have built up in their home (generally, this equity is...
By now, you've done your homework. You've read the ultimate reverse mortgage guide, and you've determined that a reverse mortgage is a good idea for you and your family. Now, it's time to get started with the reverse mortgage process itself. For most people, the complete process can take between...