Reverse Mortgage
The Complete Guide to Reverse Mortgages: Turn Your Home Equity into Instant Income!
by Tyler Kraemer

This book was so helpful in informing myself and my parents as to the options available for them. It was easy to read and easy to understand. It gave many helpful hints and helped us figure out if a reverse mortgage was approriate for them.

It is essential if you or someone in your family is considering, or wants to learn more about, a reverse mortgage loan. It walks you through the process from borrowing to repayment in a conversational, easy-to-read format. You can read about real life situations that are very helpful for you to see how a reverse mortgage can work for you.

The book provides precise information on each of the types of reverse mortgages that are available. You will find information about the ways in which you can receive your payments, and all of the incumbent fees and costs that may come with this kind of loan are revealed. It outlines how to protect yourself and how you are already protected. Checklists are provided covering all the points to consider before making each decision, such as how to choose a lender.

     

Reverse Mortgage - Everything You Need To Know Reverse Home Mortgage

Reverse Mortgage * Everything You Need To Know Reverse Home Mortgage

Everything You Need To Know About A Reverse Home Mortgage   
Terry Edwards

Reverse home mortgages have risen in popularity as of late. They offer a great opportunity for the senior homeowner to get a loan against the equity of their home.

What makes it more special is the loan is not required to be paid off in monthly installments. Usually, the loan is only due when your home is sold, you move out, or you pass away. Then, the loan is paid with the balance you have received from selling your home.

Article to continue below----------------------------------------------

Wash. Senate Could Reverse Decision That Sent Facebook To Ore. (KATU Portland)
Even as majority Democrats call for the closure of tax loopholes, new exemptions are making their way through the Legislature. The biggest is a proposed 15-month sales tax exemption for data centers.

----------------------------------------------------------------------------

To qualify for a reverse home mortgage loan you have to meet several requirements. First of all you must be at least 62 years of age or older. Next, you have to be a homeowner with substantial equity in your home and little to no mortgage debt. Besides that there are no other hard requirements. This means your credit score has no effect on the loan nor do you have to earn a certain amount in wages to qualify.

If you meet these guidelines then you can receive the reverse home mortgage loan one of three ways. The first way is to receive your payment in one lump sum. The second way is to receive monthly payments either for a fix period or an indefinite period of time. The last way is to treat the loan like a line of credit; drawing against it as desired.

Article to continue below----------------------------------------------

Seniors Cope With Social (in)Security Struggles (The Palladium-Times)
Sen. Charles Schumer, D-N.Y., announced recently that he is pushing for legislation that would provide a $250 check to Social Security recipients who were denied a cost of living increase in 2009.

---------------------------------------------------------------------------

When you're awarded your loan you can apply the money however you see fit as long as you don't have an existing mortgage. If you have a mortgage that has an outstanding balance you will first have to use your money to pay that mortgage off.

How much money you receive from the reverse home mortgage depends upon a few things. The biggest factor is in the value of your property. Your age is also a factor; the older you are the more you are likely to receive. Besides that, your property location, interest-rate, and how you opt to receive your payments can affect the amount of loan you receive as well.

A reverse home mortgage is paid off after the home is sold. If there isn't enough money to pay the loan off from selling the home then the lending institution has to eat the difference. However, if there is a surplus then either you or your heirs will get to keep it. This means if your home goes up in value you can actually earn a tidy profit for a reverse home mortgage loan.




You can find out more Information On Reverse Mortgages as well as much more information on everything to do with reverse mortgages at http://www.InformationOnReverseMortgage.net

Who are the CPA Moms?      Your Tax Professional Forever!!!!

“CPA Moms - Tax Moms - EA Moms" are trade names given to Accounting and Tax Professionals who chose to work in an “relaxed” environment. Some "Moms" work from home, other work from personal offices. Not all are Moms, there are some Dads. We call them Mr. Tax Moms. CPA Dads or Enrolled Agents Dads.
Each Mom is independent. Once a client starts working with a Mom, the client will keep the same “Mom” year after year regardless of where the client moves or relocates. Being in a “relaxed” environment has many advantages. Lower overhead, faster response time, more availability, etc.
To be a member a CPA Mom, Tax Moms, or an Erolled Moms the Tax Professional must ALWAYS be in good standing with their state licensing agency, experienced, and must demonstrate a high level of ethics, professionalism and proficiency.
Tax Net Inc, the parent company for all CPA Moms, Tax Moms and Enrolled Moms, developed the marketing and on-line systems to help qualified Tax Professionals who "choose" work from their “relaxed” environment and offer better service at a lower price to the consumer.
Since the “Moms” do taxes and accounting of all complexities, there is always a Mom available for every level of work. Since each Mom has a private 800 number, you are just a phone call away, regardless of where you live.
For reliability and dependability of Tax Net, Inc, the parent company of the “Moms” organization click on the Better Business Bureau (BBB) icon.

To Join CPA Moms

Click for accredited member's reliablility report.

Privacy Policy    About Us    Disclaimer    Copywrited 2005  - 2010 & Developed by  Tax Net Inc

Index of Articles about Reverse Mortgage

What Other Authors say about Reverse Mortgage

The Disadvantages of Reverse Mortgages by Charles Kirkendall

A reverse mortgage can be an attractive option for many home-owning seniors that are having a hard time making ends meet. With a reverse mortgage, a senior homeowner will receive money for their home equity...

ARE YOUR PARENTS RUNNING OUT OF MONEY FOR RETIREMENT OR CARE? by Angella Conrard

Your parents have always been thrifty. They helped you through college and were very careful about saving for retirement, but lately you notice that they aren't going out very often, they are very careful...

What You Need to Know About Reverse Mortgages by Alan Ferguson

If you own your home and have a good deal of equity in it then you might be interested in a reverse mortgage. This is especially so if you have a low income or need money to help you fund your retirement,...

Reverse Mortgages Expected To Help Boomers Retire by N. Sioris

Reverse mortgages are becoming popular financial planning tools for seniors in retirement. When Social Security was first implemented in 1935 the average life expectancy was 65 years. Today people are...

How To Choose The Right Type Of Mortgage by Bob Backstrom

A house is an important investment in your lifetime. Besides meeting your basic need of providing shelter, it can also provide you a source of cash if you have no other source of income. A loan taken to...

Reverse Mortgage Refinance - A simple Guide by Lendgo Editor

If you have already chosen reverse mortgage as your trusted partner in the mortgage refinance jungle it's a good time to explore in details the steps involved in securing reverse mortgage. Our simple little...