reverse mortgage: Reverse Mortgage Loans
- 12/07/15 06:48 AM
With all of the baby boomers getting older, how many are aware they can use a reverse mortgage loan to pay off their existing real estate loan and have no monthly payments? Or, how about downsizing to a smaller home, take your existing equity and invest it with a wealth manager and have no payments on the reverse mortgage, while creating an income stream? There are many ways to use a Reverse Mortgage Loan and those of you who have not done your homework should really do so. Of course, you must understand that this is a "negative equity" loan, but for those … (0 comments)
reverse mortgage: Downsize Your Home with a Reverse Mortgage
- 10/01/15 07:36 AM
When thinking about retirement, does it make sense to downsize and use all of the equity from the big home to have no mortgage on the little home? Those are thoughts I think about even though retirement is some time off. The other option I have is to buy the little home with a Reverse mortgage loan. This requires a minimum down payment of 50% of the sales price. If your not familiar with a Reverse mortgage purchase loan, there are no payments on this type of mortgage. This allows me to buy the home, with no payments but also not … (0 comments)
With all of the baby boomers getting older, how many are aware they can use a reverse mortgage loan to pay off their existing real estate loan and have no monthly payments? 
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