In the event that a Reverse Mortgage does not make financial sense or the property does not qualify,I have other Refinance Loan Programs,Fha,Conventional or a Veteran home Loan options. You may also refinance your existing reverse mortgage if you have additional market value from the first time...
Like a reverse mortgage, a home equity loan allows you to convert your property’s equity into cash. You get the loan as a single lump-sum payment from your mortgage lender. You will make mortgage payments to pay off the home loan, which typically has a fixed rate. However, unlike a r...
A reverse mortgage reverses this process: a homeowner with substantial equity receives a lump sum, periodic payments, or a line of credit from a lender, who will ultimately be reimbursed by the sale of the home. Thus, reverse mortgages allow senior citizens to convert the equity of their ...
Posted inAging In Place,Care Management,Financing Options,Foreclosure,HECM,Home Health Care,HUD,Long-term care planning,MN Reverse Mortgages,Mortgage Broker,Retirement,Reverse Mortgage,Reverse Mortgage Fees,Senior Financing,Senior Issues,Uncategorized|TaggedAging In Place,,Home Equity Conversion Mortgage,HUD...
Posted inAging In Place,Bank Lender,Financing Options,HECM,HUD,MN Reverse Mortgages,Mortgage Broker,Mortgage Lender,Retirement,Reverse Mortgage,Reverse Mortgage Fees,Senior Financing,Senior Issues|TaggedFHAFinances,Financial Planning,Good Faith Estimate,HECM,Home Equity Conversion Mortgage,Minnesota Reverse Mor...
My reverse culture shock was so bad on visits home while I lived overseas that I wondered if I could ever return to Australia. Eventually, I met and married a German who convinced me that we should give it a go. And it’s turned out fine, but not without some reverse culture shock....