Qualifying for a Reverse Mortgage

Qualifying for a 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...
How to Qualify for a Home Equity Loan

How to Qualify for a Home Equity Loan

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....
Four ways a Reverse Mortgage Can Help You

Four ways a Reverse Mortgage Can Help You

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....