by RickMay | Feb 13, 2019 | Reverse Mortgage Blog, Reverse Mortgage Line of Credit
I’ve got a financial proposal that is probably going to surprise you. Take out a reverse mortgage at age 62, even though you don’t need the money. In fact, take it especially if you don’t need the money. There will never be a better time for people who want to use the...
by RickMay | Jul 19, 2018 | Calculator, Reverse Mortgage Blog, Reverse Mortgage Line of Credit
“As the United States has become an older nation, reverse mortgages have grown into a $20-billion-a-year industry, with elderly homeowners taking out more than 132,000 such loans in 2007, an increase of more than 270 percent from two years earlier.” -Charles Duhigg...
by RickMay | Mar 6, 2018 | Reverse Mortgage Blog, reverse mortgage calculator, Reverse Mortgage Line of Credit
A rеvеrѕе mortgage iѕ a tуре of home loan for оldеr hоmеоwnеrѕ thаt requires nо monthly mortgage payments. Borrowers are ѕtill rеѕроnѕiblе fоr property tаxеѕ and homeowner’s insurance. Rеvеrѕе mоrtgаgеѕ allow еldеrѕ tо access the hоmе equity thеу hаvе built up...
by RickMay | Feb 9, 2018 | reverse mortgage calculator, Reverse Mortgage Line of Credit, reverse mortgage refinance
“In surveys, many borrowers say reverse mortgages have improved their lives and provided money they needed for retirement.” — Charles Duhigg Before choosing a reverse mortgage in California, let’s define what a reverse mortgage is. Wikipedia’s definition is...
by RickMay | Dec 26, 2017 | Reverse Mortgage Blog, Reverse Mortgage Line of Credit, reverse mortgage refinance
Have you been wondering if you are qualified to get a reverse mortgage? You may intend to apply for a reverse mortgage, and just like any other kind of loan, there are some qualifications you will be required to meet. Since the Federal Housing Administration insures...
by RickMay | Dec 12, 2017 | Reverse Mortgage Blog, reverse mortgage calculator, Reverse Mortgage Line of Credit, reverse mortgage refinance
When homeowners older than 62 years acquire a loan through converting part of their equity into cash, it gets referred to as a reverse mortgage. Homeowners can supplement the retirement income they get by receiving regular payments every month. You can take a reverse...
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