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 - Reverse Mortgage For You?

Reverse Mortgage * Reverse Mortgage For You?

Is A Reverse Mortgage for You?   
Tabitha Naylor

Any individual who is considering a reverse mortgage has a very important decision to make.

Most of the time, an individual who is considering this type of loan is doing so because he or she needs the funds for some main purpose. For example, an individual may not be brining in enough from social security, pensions, or savings to maintain his/her living expenses. Someone may have a large purchase that is necessary, such as a new vehicle. Or, that same individual may need the funds for home improvements. Some individuals use the funds that they receive from a reverse mortgage to fund a second home or a recreational vehicle. If the funds are needed, those that have ownership, and more importantly, equity in their home, have the ability to secure this virtually free type of mortgage.

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Changing The Consumerâs Online Home Search Game (RISMedia Real Estate News)
RISMEDIA, March 8, 2010—IDX MLS Internet home searching technology has come a long way since first introduced in 1999. This is when the National Association of Realtors first embraced the Internet...


To qualify for a reverse mortgage, you must be at least 62 years old. The older you are, the more money you can receive in your home mortgage on a monthly basis. You may opt to receive the cash out from the equity in your home in one lump sum, if you so desire. In any case, the processing of a reverse mortgage is quick and painless, which means you will have access to the finances you need much quicker.

One of the main criteria for qualifying for this type of mortgage is equity. You need to have a significant amount of equity available in your home, since the equity that available is ultimately what you will be tapping into to gain access to the money you will be receiving. Equity can be defined as the amount of money that the home is worth, minus any mortgages or liens that may be on it. The higher the level of equity, the more of the home that you own. When you pay off your mortgage in full, the equity and the value of the home are the same. Those that are looking to use a reverse mortgage need to have at least some equity to cash in, since this is where the funds come from.
If you still owe money on your home, the equity you cash out in a reverse mortgage will be needed to pay down the rest of what is owed on the mortgage. The rest will be yours to use as you please. Unlike other loans, you can use the funds for anything that you see fit, once the mortgage on the home is paid for.
The reverse mortgage is an ideal choice for those people who are in need of funding, but do not have access to money from any other sources. Since the funds for a reverse mortgage are not due to be paid back, in most cases, the homeowner actually has access to money in the value of their home, until he or she dies or moves out of the home,. Additionally, should the value of the home increase from the time the initial reverse mortgage is obtained, a second or even third reverse mortgage may be taken out.

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Area Man Tells Police Someone Using His Social Security Number (The Uniontown Herald Standard)
A Redstone Township man told state police that he believes someone has been fraudulently using his Social Security number.


Tabitha Naylor is an experienced mortgage broker/consultant with Apex Financial Mortgage. For more information, or additional resources on home loans, visit
Apex Financial Mortgage

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Index of Articles about Reverse Mortgage

What Other Authors say about Reverse Mortgage

Reverse Mortgage Explained by Ken Chukwell

Can't remember how many times I've been asked "What is a reverse mortgage"? Reverse mortgages are a great way to get a loan using your primary asset. As in all cases of financial lending, the flexibility...

Reverse Mortgages by Sara Chambers

Perhaps you know what a mortgage is. A mortgage exists when a loan is taken out from a bank or another mortgage company for the purpose of purchasing a home. Payments are made to pay back the loan on a...

Reverse Mortgage Home Equity Loan-Why It Might Not be Right for You. by Jack Krohn

Reverse mortgages have gotten a lot of publicity lately and will probably get a lot of press in the future as baby boomers near retirement age. A reverse mortgage is a home equity loan that you do not...

How To Buy A Home With A Reverse Mortgage by Imtiaz.s

A reverse mortgage loan is very much like a home equity loan. First we'll look at the similarities between the two and then let's discuss how to buy a home with a reverse mortgage. First a reverse mortgage...

Just What Is A Reverse Mortgage? by Copyright ©2007 Carl DiNello

It's very common today to find many retired people having difficult financial times trying to live on a small pension, or on an even smaller Social Security Check. Trying to keep up with their bills can...

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,...