Review Mortgage Lenders

age for reverse mortgage

Reverse Mortgage Tips - Coming of Age TV

Reverse mortgages are a hot topic among retirees these days, as well as those thinking about retirement. But beware, a reverse mortgage is not for ...

Age in Place with a Reverse Mortgage

For many seniors who are living longer, the question is, “How do I fund my longevity?” Spouses are thinking about what will happen when one of them passes away. Will the surviving spouse be able to stay in the home comfortably? The answer is often “Yes!” when a reverse mortgage has been put in place to ensure there is no mortgage payment and often, a sum of money available to the surviving spouse.

The bank never owns the home and the property may be willed to the heirs. Because a reverse mortgage is FHA insured, it is a non-recourse loan. No one can “come after” the estate or your heirs. No one is “saddled” with debt because of the reverse mortgage. As a financial tool, a reverse mortgage is a wise choice in many cases providing relief from financial pressure in the near-term, and greater financial security in the long-term.

Since “not being a burden to my children” is a common theme among seniors, a reverse mortgage can remove the need to dip into savings each month to pay bills, or have the children chip-in to help with monthly expenses.

can a disabled person apply for reverse mortgage at age 55?

I'm 55 years old and physically disabled from the waist down, mortgage payments are difficult to meet and I would like to apply for a reverse mortgage, Is this possible?

disability is not a criteria for qualifying for a reverse mortgage; only age. currently, everyone on title must be 62 years old by the time the loan closes.

Футболка унисекс SPORTY 140, темно-синяя