reverse mortgage: Nearing Retirement? 3 Reasons Why You Might Consider a 'Reverse Mortgage' - 08/13/14 06:49 AM
 
If you are nearing retirement, a reverse mortgage might be right for you. This type of mortgage essentially allows you to turn your home equity into cash. If you find yourself with little money, a reverse mortgage could be the perfect solution, and here's why.
No Worries About Monthly Payments:
After taking on a mortgage, there are many costs that you have to worry about. One of these problems is mortgage insurance premiums. Add interest and fees from lender service providers to the mix, and you've got yourself many costs.
All of these fees can create tremendous headaches, as a … (0 comments)

reverse mortgage: Read This Before Signing Your Reverse Mortgage - 09/16/13 05:15 AM
There are many reasons people take out reverse mortgages. However, this option is usually considered by cash-strapped seniors who own their homes and are looking to ease the burden of their golden years.
The beauty of reverse mortgages is that you'll receive money as long as you are current on property taxes and homeowners insurance.
While this seems like an appealing opportunity, it's a decision that should not be made lightly. Not only is the reverse mortgage complicated in itself, but homeowners make all sorts of mistakes when they're too quick to sign the dotted line. So if you're considering one, … (0 comments)