It's called a reverse mortgage because, instead of you making payments to the lender, the lender makes payments to you! With your traditional mortgage, monthly payments are made by you to the lender. A reverse mortgage has the lender paying you. … [Read more...] about What is a Reverse Mortgage – How Does a Reverse Mortgage Work?
reverse mortgage
5 Ways to Use Your Retirement
The equity in your home can contribute significantly to boost your retirement savings and to improve your spending ability. There are five ways to tap into your home equity; however, each method has its own pros and cons. It is, therefore, … [Read more...] about 5 Ways to Use Your Retirement
Pros and Cons of a Reverse Mortgage
A reverse mortgage is a financial product that allows a homeowner to convert home equity into cash. A reverse mortgage is an option available to homeowners who are at least 62 years old. A reverse mortgage offers them a good way to finance their … [Read more...] about Pros and Cons of a Reverse Mortgage
Five Alternatives to a Reverse Mortgage
What mortgage options are available in addition to a reverse mortgage? Homeowners who are at least 62 years of age can convert home equity into cash through a reverse mortgage. This allows homeowners to use the equity from their home to obtain a … [Read more...] about Five Alternatives to a Reverse Mortgage
What Can a Reverse Mortgage Do For You?
Take advantage of all of the hard work you have put into your home. A reverse mortgage allows you to tap into the equity of the home you have worked hard for and use the money for repairs, medical expenses, or even a trip around the world. What Is … [Read more...] about What Can a Reverse Mortgage Do For You?
Is It Time You Reversed Your Mortgage?
A reverse mortgage can be a viable option for seniors who would like to supplement their social security income. Reputable lenders, like Sean Z Mortgage, will make sure that you understand the benefits and risks of a reverse mortgage, and help … [Read more...] about Is It Time You Reversed Your Mortgage?