Reverse vs. Flex Mortgage

Reverse vs. Flex Mortgage

Modern reverse mortgages are a type of loan that allows most homeowners who are at least 55 years old to borrow against their home equity. Unlike a regular forward mortgage, monthly loan payments are completely optional.  Simply put, you have the flexibility to treat...
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....