reverse mortgage vs home equity loan: Is There a Right Time to Get a Reverse Mortgage? - 02/18/14 12:32 AM
Is There a Right Time to Get a Reverse Mortgage?
There may be many seniors out there, 62 years of age and over, maybe even younger, thinking about applying for a reverse mortgage.
Whatever the reason for their consideration, one of the questions they may be asking themselves is: is there a right time to consider a reverse mortgage?
I don't think there is a right or wrong time to consider a reverse mortgage, mostly, because every situation is different.
If a homeowner is looking to pay off their mortgage in order to live debt free then the sooner the better. Especially … (2 comments)

reverse mortgage vs home equity loan: Reverse Mortgage vs. Home Equity Loan - 08/27/13 12:04 AM
Reverse Mortgage vs. Home Equity Loan
The reverse mortgage program is not as "new" as people might think. While it wasn't as well known or sought after as today the first program of its kind began in the 1960's where it remained in relative obscurity until the Department of Housing and Urban Development introduced the federally-insured Home Equity Conversion Program in 1990.The reverse mortgage continued to gain attention in 1996, when Fannie Mae launched the Home Keeper.
A reverse mortgage still continues to be a source of cash flow for seniors looking to supplement their retirement or add on to their fixed income. As … (2 comments)