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 - Mortgage Vs. Reverse Mortgage

Reverse Mortgage * Mortgage Vs. Reverse Mortgage

Mortgage vs. Reverse Mortgage- How do You Put Your Mortgage in Reverse?   
John R. Blakefield

Many people look at the process of a mortgage and wonder how exactly do you put your mortgage in reverse?

In order to understand a reverse mortgage, let's first investigate at a normal mortgage for a first time home buyer. When you first start the mortgage process, you shop many mortgage lenders or perhaps employ the services of a mortgage broker or loan officer who review your credit and financial information. They often look at your credit history, long term and short term debt, income and expenses in order to determine how much money you can borrow, at what interest rate, and for how long. They use all this information to make sure that you are capable of paying back the money, plus interest.

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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...


Based on the terms that you and your mortgage lender or broker have agreed upon, you pay a monthly, bi-monthly, or sometimes balloon payment as the principal and interest payment become due. The mortgage broker should work with you to determine a feasible way to pay the mortgage, meaning it should not put you into financial hardship.

You pay the mortgage payments until the life of the loan is done, and you have paid all the money back that you have borrowed, as well as interest in return for borrowing the money. Every payment that you have made up to the end of the life of the loan has decreased your principal; the dollar amount borrowed, and increased your equity in the property. The equity is what the property is worth.

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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.


Over the years, it is most likely that your property has appreciated, as purchasing property is a great investment. In which case, your property that you purchased at $200,000 may be worth $300,000 now, or more.

Now this is where reverse mortgages come in. Older home owners, who usually own their property out right, or perhaps have a small amount owed to a mortgage lender, have the ability to do a reverse mortgage. Some older home owners become short on cash, as they are often retired and do not have a lot of money coming in. What a reverse mortgage does is it allows home owners to use the equity in the home as cash. The mortgage lender actually pays the home owner every month, from the equity built in the home.

The home owner no longer makes payments, but enjoys the money that his or her home has provided. As opposed to the regular mortgage in which the equity increases, a reverse mortgage actually decreases the property's equity. The amount that can be borrowed is directly related to the homeowner's age, value of the home, interest rate, and life span of the owner.

The money removed from the equity is usually recovered when the home is sold at the time of the owner's death.

Getting a reverse mortgage can be a great option for older home owners so they can enjoy themselves, with out having to worry about financial hardship. It is also a great benefit of a home owner to be able to use the equity built in the house, as in the act of refinancing.

If you are an older home owner, who could use some extra money, speak with a loan officer who can assist you in making this transaction occur. A reverse mortgage may solve many financial problems, including those that may be related to health and wellness care.

John R Blakefield is a mortgage and real estate specialist. For more information, articles, news, tools and valuable resources on home mortgages or investment loans, refinancing, debt solutions, visit this site:

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Index of Articles about Reverse Mortgage

What Other Authors say about Reverse Mortgage

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,...

Mortgages are Regulated by Federal or State of Law or Agencies by terrence turner

Mortgages are regulated by federal or state law or agencies depending on under whose law they were chartered or established. Mortgages will allow you to own a home, whether a starter home or the home of...

How to Know if a Reverse Mortgage Is Your Best Option by 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...

Getting Equity Out Of Your Home for Retirement by Barry Waxller

What is the one thing you read over and over? Buy a home! The advice makes sense in this case as a home is a good long term investment. The question, however, is how do you get the money out when you need...

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...

Reverse Mortgage Loans by Tony Robinson

If you were to ask the average consumer to define the reverse mortgage concept, you would find very few able to do so. Many consumers, especially those who aren't up on their mortgage products and their...