What you need to know when a non-borrowing spouse lives in a home that has a Reverse Mortgage.
In the past, when one of the married couple was under the age of 62, a homeowner's choices were to either A: postpone applying for a reverse mortgage until the younger spouse became eligible or B: take the risk of getting a reverse mortgage on just one of them.
With Option B, there was a chance that the non-borrowing spouse could become homeless if there was not enough life insurance or other assets to pay off the loan in the event of the … (2 comments)
Are you interested in learning how to make your retirement dollars go farther? No longer is a Reverse Mortgage considered a loan to save desperate retirees. It is a financial strategy. Learn more from Spokane's Reverse Mortgage Specialist the benefits which may help you enjoy retirement with more money in your pocket.
Saturday, November 15th 1:00 PM -- Walk-ins welcome Shadle Library 2111 W Wellesley Spokane WA Presenter: Jack Tenold, Reverse Mortgage Specialist
The program is approximately 45 minutes and you are invited to ask questions. Bring a friend or neighbor. Admission is free. … (0 comments)
reverse mortgage spokane county: Looking for a reverse mortgage in Spokane County?
- 06/25/14 04:30 AM
Looking for a reverse mortgage in Spokane County? If you are considering a reverse mortgage an important step is to find a reverse mortgage specialist in Spokane with experience; someone who understands the ins and outs of the various programs available and can explain them in a way that you can understand. That someone should have assisted a large number of homeowners in not only refinancing but purchasing a home with a reverse mortgage. Taking the time to talk to a specialist about the benefits and asking for a loan comparison will help you make that important decision.
Surviving Spouses and Reverse Mortgages
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