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...
Reverse Mortgage Benefits If you are approaching retirement, you may needed a way Read More » Reverse Mortgage Interest Rates Explained One thing most people looking for reverse mortgage loans are Read More » Home Buying Tips Whether we’re first-time buyers or more seasoned at it, home ...
Feel like you’re at the point in your life where a reverse mortgage may be highly beneficial for you? Submit an application online today to get the process started. Still feel like you need to learn a little more about reverse mortgages explained and more clarity on whether you can qualify...
Go from stressful retirement income shortfalls to staying in your home with $0 mortgage payments and increased retirement income. Turn an illiquid asset into a dependable income stream. Sleep better worry less. No obligation consultation with Ray Massey,
However, to make a long story short, Larry explained everything to our satisfaction and we started the process. We had to go to a counseling session so that we understood the process. After that it was pretty simple. Thanks to Larry McAnarney. Joe G — Apr 14, 2015 Larry is a Nice ...
Reverse mortgage rates vary.(Brief Article)Wright, Chris
Reverse Mortgage Rates Understanding reverse mortgage rates can help you save money in the long run. Reverse mortgages come in two rate structures: fixed-rate and adjustable-rate. A fixed-rate mortgage stays the same throughout the loan, making it easier to predict costs. An adjustable rate cha...
as 7-8% per year if you don’t apply until age 70. But many seniors need this income. With the ability to apply for a reverse mortgage at the age of 62, and current low interest rates, retirees stand to actually make gains by using areverse mortgageto supplement while delaying ...
Below you'll find the latest average interest rates for Home Equity Conversion Mortgages, the most common type of reverse mortgage. HECM interest rates can vary depending upon purpose of the loan and whether the homeowner selects a fixed or variable rate product. Rates displayed are for HECMs ...
I would highly recommend Larry to anyone securing a reverse mortgage. Susan W — Apr 6, 2022 Quick Response I had questions about reverse mortgages and how they worked. Larry called and explained everything to us very well. He was quick responding back when I contacted him about some ...