Reverse mortgages were specifically created to help senior homeowners more easily access the equity in their homes. Many seniors have accumulated large sums of equity in their home over a period of years but either no longer qualify for traditional bank financing or do not want another monthly obligation at this stage of their lives. This exciting program offers an alternative to traditional “home equity” financing.
With a Reverse Mortgage seniors can have all the security of owning a home without all the excess burden of making a monthly for as long as they live in the home. This way they can use their retirement funds for more important things.
Upcoming FAQ are:
- How can I qualify for a Reverse Mortgage?
- What can I do with the Money?
- How can I receive the proceeds?
- Will my Reverse Mortgage effect my Social Security or Medicare Benefits?
- How safe are Reverse Mortgage
Have any other questions on Reverse Mortgage or any other Mortgage Please post it here or visit my other blog www.mycarteretlo.com
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