Reverse Mortgage

For seniors who are already enjoying their retirement benefits, the greatest worry is how to afford the best healthcare. If you are a senior and you have problems paying for your health care and other daily expenses, you may want to consider a reverse mortgage. The amount received from mortgage companies in Utah or Arizona, […]

When you take out a mortgage to buy a home, interests accrue every month and you are expected to make monthly payments.  With a reverse mortgage, it is where you own a home, you give the home to the bank, and they give you upfront payments. Interests start accruing on a monthly basis and you

Since the introduction of the Home Equity Conversion Mortgage in 1989, retirees now have an alternative way of funding their daily expenses and if they qualify for a reverse mortgage, he or she can use the loan proceeds to pay off outstanding loans or finance a home renovation. The reverse mortgage offers a set of

September 29th, 2016  | by Jason Oliva – Published in Reverse Mortgage Daily The amount of housing wealth held by U.S. senior homeowners continues to grow at a billion-dollar clip, propelling the potential opportunity for reverse mortgages to nearly $6 trillion nationwide, according to a recent analysis of home equity among Americans age 62 and

There are many, many Baby Boomers retiring or getting close to retiring, but with savings low and other investments not bringing in much to put toward retirement, boomers are looking for alternatives. Reverse mortgages are one solution they are starting to consider more than previously due to the large amount of equity in their homes,