by sgomes | Dec 1, 2023 | Finance, Home Equity, Reverse Mortgage
A reverse mortgage can be an important part of retirement planning for wealthy retirees that have a substantial amount of home equity. It is a financial product that allows you to access part of the equity in your home while you are still living in it. This is equity...
by sgomes | Oct 13, 2023 | Housing, Reverse Mortgage
Qualifying for a reverse mortgage requires far less documentation and fewer credit conditions than a forward mortgage. However, there are a few important requirements that must be met. Important Requirements: Borrowers in most states must be 55 years or older. Ages...
by sgomes | Oct 6, 2023 | Home Equity, Reverse Mortgage
As home equity increases, many homeowners are tapping into this growing source of available funds. This is particularly useful for homeowners that have a very low interest rate, since adding a home equity loan will not modify their existing mortgage rates or payments....
by sgomes | Sep 29, 2023 | Housing, Reverse Mortgage
Modern reverse mortgages are designed from inception to maintain a substantial amount of equity in the home. In most situations home equity also continues to grow over time as the home’s value increases. It is important to know your options at the end of a reverse...
by sgomes | May 16, 2023 | Reverse Mortgage
From an article by Aly Yale. Updated on May 16, 2023 / Getty Images/iStockphoto / CBS News – There are multiple benefits to taking out a reverse mortgage. Here are the top four ways a reverse mortgage can help you: A reverse mortgage is a type of loan that pays you....
