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Are Reverse Mortgage Loans Safe?

Are Reverse Mortgage Loans Safe?

You’ve worked hard to pay the mortgage on your home. With a reverse mortgage loan you can receive the equity that you earned. A federally insured reverse mortgage loan can help you unlock that equity by increasing your monthly income. Rest easy knowing yo

Aug 01, 2016 | Reverse Mortgage

Introduction to Reverse Mortgage Loans

Introduction to Reverse Mortgage Loans

Many homeowners have found that a reverse mortgage loan is a great way for them to take advantage of the equity they have built up in their homes.A reverse mortgage loan is different than a traditional mortgage. With a traditional mortgage loan you make m

Aug 01, 2016 | Reverse Mortgage

3 Reverse Mortgage Loan Questions to Consider

3 Reverse Mortgage Loan Questions to Consider

What is a Reverse Mortgage Loan?A reverse mortgage loan is a loan designed to allow seniors to draw upon the equity in their homes. Seniors can select to receive the loan proceeds either by a lump sum payment, by monthly installments, as a line of credit

Aug 01, 2016 | Reverse Mortgage

Steps to getting a Reverse Mortgage Loan

Steps to getting a Reverse Mortgage Loan

Below is the most common process for getting a reverse mortgage loan. Our professionals are eager to help you understand the reverse mortgage loan process. Please contact us with any questions. Step 1 - Research Reverse Mortgage Loans Speak with a mortga

Aug 01, 2016 | Reverse Mortgage

What about repaying a Reverse Mortgage Loan?

What about repaying a Reverse Mortgage Loan?

The very nature of a reverse mortgage loan can be confusing. With a reverse mortgage loan, lenders pay you either in monthly installments, with one lump sum, a line of credit or as a combination of a line of credit and monthly installments. The following

Aug 01, 2016 | Reverse Mortgage

What are the costs of getting a Reverse Mortgage Loan?

What are the costs of getting a Reverse Mortgage Loan?

Much like a traditional mortgage, a reverse mortgage loan does have fees associated with securing it. The following is a list explaining common fees you may have to pay when getting your reverse mortgage loan.Origination Fee – The origination fee covers t

Aug 01, 2016 | Reverse Mortgage

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