Category: Reverse Mortgage

Reverse Mortgage versus a Home Equity Loan

reverse-mortgage-versus-home-equity-loan

When you hear the phrase “reverse mortgage home equity loan” what comes to mind? Many people think these two financial products are one in the same. While there are similar aspects between a Reverse Mortgage and a Home Equity Loan, these two options are entirely different. Differences between a Reverse Mortgage and Home Equity Loan [...]

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What Influences Reverse Mortgage Rates

what-influences-reverse-mortgage-rates

If you are 62 years or age or older and in need of money, you should consider the benefits of a reverse mortgage. This allows you to convert equity in your home into cash – without having to sell the property or add another monthly expense. With a “traditional” mortgage you make payments to the [...]

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Updated Reverse Mortgage Rules

updated-reverse-mortgage-rules

Many people are not aware that reverse mortgage rules have changed over the years. Just like any financial decision, if you are interested in a reverse mortgage you must know the finer details and how they will affect you. The New Reverse Mortgage Rules Over the last two years, the Federal Housing Administration has changed [...]

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Reverse Mortgage Facts

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If you don’t know all the facts regarding a reverse mortgage you may end up making a bad financial decision. With so many reverse mortgage facts and myths you need to know exactly what you are doing before making a final decision. Important Reverse Mortgage Facts To Consider There three distinct types of reverse mortgages [...]

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Avoiding Reverse Mortgage Pitfalls

reverse-mortgage-pitfalls

Are you interested in a reverse mortgage? Do you think that this is the answer to all your money problems? If so, you are not alone. But before you make this big financial decision, you need to know exactly what you are doing. By avoiding the most common reverse mortgage pitfalls you can put yourself [...]

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