Category: Reverse Mortgages

12 May

Reverse Mortgage Interest Rates

The Impact of Interest Rates on Reverse Mortgages When seniors are having trouble managing their bills and paying for the upkeep on their homes, they have two choices. They can sell the home and move or they can get a reverse mortgage that allows them to stay in the house they love while also tapping […]

12 May

Reverse Mortgage Ongoing Fees

Reverse Mortgage Longstanding and Ongoing Fees The concept of receiving monies every month through a reverse loan can seem appealing, but a borrower should understand that he or she will still pay fees. Various ongoing fees come with reverse mortgage agreements. The following are a few of those fees. An interested homeowner should consult with […]

11 May

Reverse Mortgage Closing Fees

The Closing Fees in a Reverse Mortgage Reverse mortgages can benefit many senior citizens who want to remain in their homes until they pass away, but the fees can be problematic. The loans can provide those persons with the security and the monthly income that they need. However, the closing costs of such loans can […]

09 May

Reverse Mortgages

Reverse Mortgages Designed To Help Older Homeowners When a homeowner turns 62 years of age, they may want to learn what is a reversed mortgage. It is a special type of loan. It enables homeowners in this age bracket to convert a portion of their home’s equity into cash. The homeowner does not have to […]

05 May

Reverse Mortgage Eligibility

Do I Qualify for a Reverse Mortgage? Home equity conversion mortgages, commonly referred to as reverse mortgages, are a way for senior homeowners to turn the built-up equity in their home into usable cash. Proceeds from a reverse mortgage can be used to pay off debt, finance home repairs, or help with monthly expenses. The […]