Posts Tagged ‘how does a reverse mortgage work’
“This IS a Reverse Mortgage Customer!”
“This IS a Reverse Mortgage Customer!” Maria is 62 years old and still owes $125,000 on her $500,000 home. She has a good job and intends to work for another 6 years, retiring at age 68. She has no problem making her $1,200/month P&I payment on her current mortgage (with a 5% interest rate), BUT she…
Read MoreHow Does a Reverse Mortgage Work.
How Does a Reverse Mortgage Work. For many retirees, their largest asset is their home — but they might not be ready to sell to cash in on their equity. That’s where a reverse mortgage can come into play. A reverse mortgage allows people aged 62 and older to continue to live in and own…
Read MoreBest Reverse Mortgage Lender
How to Find the Best Reverse Mortgage Lender I found a great article today from US News that explains the whole Reverse Mortgage concept ad how to find a good lender-by U.S. News Staff If you own your home and are 62 or older, a reverse mortgage could allow you to access your home’s equity without…
Read More
