Posts Tagged ‘Reverse’

Reverse Mortgage Purchase Strategy with Rick Arvielo http Today I want to talk to you about purchasing a home with a reverse mortgage. Now , this is a message that goes out to the elderly of our community. But it’s something that doesn’t get talked about all that often. First off, one thing you never hear about is that [...]

Senior! Do You See A Reverse Mortgage Or Home Equity Loan Better To You

Article by Juhani Tontti As a senior have you ever pondered, where can you get an extra cash if it is a must? Have you thought both the reverse mortgage loan and the home equity loan? Have you seen it difficult to judge, which one is [...]

Reverse Mortgage News For Senior Citizen Home Owners

<!– @page { margin: 2cm } P { margin-bottom: 0.21cm } A:link { so-language: zxx } –> It can often be quite difficult for many senior citizens who are living on fixed incomes to be able to meet their monthly bills. In addition, due to their age, it can be even more difficult to get [...]

Reverse Mortgages And How They Can Benefit Homeowners

Reverse mortgages give eligible homeowners the ability to access the money they have stored up as equity in their homes.  They are designed to build seniors’ personal and financial independence by providing funds without the requirement of a monthly payment for as long as they live in the home. Homeowners age 62 or older may [...]

Reverse Mortgages for Seniors – Benefit or Burden?

With the advent of the Home Equity Conversion Mortgage (HECM), or reverse mortgages, seniors have had an opportunity to take advantage of the equity in their homes. In many ways, this can be very beneficial. Seniors can use the money to pay off debt, make home repairs and renovations, help family members or take a [...]

Pros and Cons of Reverse Mortgage Payment

California Reverse Mortgage is a loan where the lender either pays you a lump sum at one go, makes regular monthly payments, extends a line of credit, or a combination of the three. You continue to own your home and pay property taxes, operating expenses and maintenance. But because you make no regular pay outs [...]

Reverse Mortgages

Article by Brian Krassenstein An overview of reverse mortgages A frequent topic in financial forums is reverse mortgages. A reverse mortgage is a a kind of loan intended to help people access the equity they have built in their homes. Borrowers are extended a new loan with a [...]

Reverse Mortgage Tax-Deductible?

One of the newest and more innovative financial tools for the Senior Citizen, today, is the reverse home mortgage.  Already very popular, as the info on the reverse home mortgage becomes widespread, and homeowners reach retirement age in large numbers, this may become the most popular home mortgage vehicle of all.  The reverse home mortgage [...]

What is a Reverse Mortgage?

Article by Stuart Simpson has a neat mortgage calculator FREE to use. Try it out at: Simply stated, a reverse mortgage is a loan that enables homeowners (age 62 and older) to convert part of the equity in their home into a tax-free income without having to sell [...]

What Are The Advantages And Disadvantages Of A Reverse Mortgage?

Article by Kaye Reverse Michigan is under a great financial challenge and it’s important for seniors to be aware of their options. There has been a lot of talk lately about Reverse Mortgages in Michigan. This is a great service that is available for Michigan seniors and offers [...]

The Possibility of Reverse Mortgage Foreclosure

Article by Mortgage Guru Reverse mortgage and home equity loan are two very different things. A reverse mortgage is similar to a loan advance. Generally as long as the borrower lives in the home, the borrower may not be required to repay the loan. This particular option is [...]