vhnt 19 news Archives | Reverse Mortgage Alabama

Homeowner Tips

Homeowner Tips. Reverse Mortgage Alabama. Tips for Homeowners Considering a Reverse Mortgage. A Reverse mortgage allows homeowners to convert part of the equity in a home to cash without having to sell the property. Due to the attractiveness of these loans, some senior citizens are being charged excessive up-front fees for services that are generally […]

**The owner(s) retain title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts or failure to maintain the condition of your property may cause the reverse mortgage to become due immediately. A reverse mortgage is a complex loan secured by your home. Whether such mortgage makes sense for you depends on your financial situation and needs. For these reasons, you are required to consult with a qualified independent housing counselor and include family members and other trusted advisers before making this decision. This information is not from HUD or FHA and was not approved by HUD or any government agency.

Call Now

Main Navigation

Homeowner Tips

SOCIAL MEDIA

CONTACT

LICENSING

MORE LINKS