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 - Know If A Reverse Mortgage Is Your Best Option

Reverse Mortgage * Know If A Reverse Mortgage Is Your Best Option

How to Know if a Reverse Mortgage Is Your Best Option   
Charley Hwang

Along with aging comes the fear that your funds might not last as long as you do.

A reverse mortgage is perfect for this scenario. Instead of living on your social security payments from week to week or scraping by on minimal savings, a reverse mortgage is a way you can access extra funds and live a decent quality of life. Having money during retirement years can determine whether life gets better or worse after sixty, so it is definitely worth reading on to see if this is the best solution in your individual situation.

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Home Sales Increase In '09 (Baltimore Sun)
First annual rise across much of Baltimore area since 2005 occurs as first-time buyers seize on tax credit and falling prices Falling home prices have transformed many properties from asset to albatross,...

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Elderly people who live in their home are sitting on equity but getting nothing from it. With a reverse mortgage is exactly as the name suggests: the opposite of a mortgage! Where the bank will usually buy the home and you are buying it back from them, with reverse mortgages you own your home and the bank is buying it back from you. Sounds a bit strange at first, but it is an honest and upfront process thousands of retired home owners choose every day.


Having this type of mortgage enables you to supplement your income with hundreds or thousands of dollars every month. Some lenders will have the bank pay them a lump sum for the whole amount of equity in their home, and you remain there as long as you like. Don't stay stuck in hardship when you own your home - the answer for you can certainly be the reverse mortgage. You could be out there living it up in your retirement rather than scrounging and scraping to buy enough food and pay the bills.

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Some Social Security Taxable (Fox News)
If you collect Social Security, some of it might be taxable, depending on your total income and marital status.

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Index of Articles about Reverse Mortgage

What Other Authors say about Reverse Mortgage

Reverse Mortgages Explained by Robert Hutchinson

A 'Reverse Mortgage', also known as 'Equity Release', is a popular way to use your main asset (your home) to free up some cash for other purposes. In a standard loan, your income stream is used to 'qualify'...

Do not get Reverse Mortgages backwards by Groshan Fabiola

Many people are starting to learn more about reverse mortgages. A reverse mortgage is a loan available to seniors (for the most part), and is used to release the home equity in the property as one lump...

How To Turn Disadvantages Of A Reverse Mortgage To Your Advantage by Keith Choy

When it comes to a reverse mortgage, wise consumers weigh the advantages and disadvantages prior to signing on the dotted line.Let's start on a positive note, you could do what most borrowers do and opt...

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...

Realize the power of equity with reverse mortgage loan by Antonio Redford

For decades mortgage loan was in practice. People used to take loan against their equity on their fixed assets but it was never considered as a good way to get money as chances of loosing asset were high....

Who Could Benefit From A Reverse Mortgage? by Helen March

What is a "Reverse Mortgage?"Also known as a Home Equity Conversion Mortgage (HECM)a reverse mortgage,is a popular way older homeowners (62+) can convert part of the equity in their homes into tax-free...

Reverse Mortgage: A Dignified Way For Retirees To Supplement Income And Take Care Of Expenses by Vishy Dadsetan

For many Americans reaching the retirement age, the equity build up in their home is their only real asset. Reverse mortgage is a way to tap into this asset and create a stream of income needed for retirement...