Reverse mortgages

May 15, 2017

Reverse mortgages Rancho Santa Fe, CA

What are reverse mortgages? As opposed to making monthly payments to your bank, the lender sends money back to you instead. In other words, the stream of payments goes the opposite direction from what borrowers are used to. Reverse mortgages give retirees a simple way to tap their home equity without the risk of a conventional mortgage or having to sell their property and move to a cheaper housing. Here are some important facts about reverse mortgages, Rancho Santa Fe, CA: They have various payout options for you to tap your home equity. Five different payment plans are available. One type of payment involves taking equal monthly payments that run as long as one borrower is alive and resides in […]
June 25, 2017

Some benefits of reverse mortgages, San Antonio, TX

Reverse mortgages, San Antonio, TX are one of the options you can take when shopping for home loan. But what exactly are the benefits of this particular type of loan? In this post, we’ll be sharing some benefits that might help you decide whether to go for it or not. No monthly payment required. This is why reverse mortgages are attractive to borrowers. Instead of paying monthly premium, payments are made to you; that is, as long as you live in your home. Indeed, quite different from a traditional forward mortgage. You remain the owner of your home. Contrary to the popular belief that the lender takes ownership of your home, a reverse mortgage allows you to remain as the […]
June 25, 2017

Benefits of reverse mortgages, San Jose, CA

Reverse mortgages, San Jose, CA are one of the options you can take when shopping for home loan. But what exactly are the benefits of this particular type of loan. In this post, we’ll be sharing some benefits that might help you make the best option. Monthly payment is not a requirement. This is why reverse mortgages are attractive to borrowers. Instead of paying monthly premium, payments are made to you; that is, as long as you live in your home. Indeed, quite different from a traditional forward mortgage. You remain the owner of your home. Contrary to the popular belief that the lender takes ownership of your home, a reverse mortgage allows to remain as the owner of your […]
June 25, 2017

These are some benefits of reverse mortgages, Tallahassee, FL

Reverse mortgages, Tallahassee, FL are one of the options you can take when shopping for a home loan. But what exactly are the benefits of this particular type of loan? Read on… as in this post, we will be discussing some benefits of reverse mortgage, which might help you decide whether to go for it or not. You remain the owner of your property. As opposed to the popular belief that the lender takes ownership of your property, a reverse mortgage allows you to remain as the owner of the property, provided you comply with the terms of the loan and faithfully pay your taxes and insurance. Monthly payment not needed. This is why reverse mortgages are attractive to borrowers. […]