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 - One Suggestion For Your Retirement

Reverse Mortgage * One Suggestion For Your Retirement

Reverse Mortgage: One Suggestion For Your Retirement   
Evelyn Miller

It's a scary thought. 40 years, the proportion of Australia's population aged 63 years and over will almost duplicate. With continual expansion in the cost of healthcare and current living expenses, and a decreased ability to rely on government assitance, many Baby Boomers are dreading a need to make substantial downgrades in their lifestyles to fund retirement.


Using a reverse mortgage is the best solution for retirees to tap into their homes, usually one of their biggest assets, for cash.

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This Mortgage Works In Reverse (The Fredericksburg Free Lance-Star)
Gary Onks answered more than 30 questions about what reverse mortgages are and how they work during Tuesday's Money Talk$. He is the regional branch manager of Reverse Mortgage USA in Spotsylvania County....

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Also known as 'Spending the Kids Inheritance' or 'SKI-ing', reverse mortgages authorise retiring homeowners to let go of equity in their homes to fund a standard of living that would be otherwise out of reach.


So how does it work?

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Oops! Citibank Prints 600,000 Customer Social Security Numbers On Envelopes With Tax Info (New York Daily News)
Citibank mistakenly printed 600,000 customers' Social Security numbers on the envelopes containing their year end tax statements, the company acknowledged Tuesday.

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Just as the name suggests, a reverse mortgage works similarly to a standard mortgage, only it's the loaner who pays the homeowner instead of the other way around.

The celebrity of reverse mortgages is set ascension, as our population ages. An obstacle to the take up of reverse mortgages is a strong mentality among retirees to want to leave as much as possible to their children. In almost all the cases, however, kids of retirees would rather see their parents tap into their assets to a high principle of living and general pleasure than leave a significant treasure to them.


The bank or lender will lend a percentage (somewhere between 10 and 50 percent depending on the retiree's age) of the value of retiree's home as a lump sum, or regular revenues to supplement savings or a pension.


The downside? The interest on the debt can be up to 1 to 2 percent superior than ordinary home financial loan rates and is gradually added on to the debt over time. But the profitable informations is that the loan doesn't have to be paid back until the property is sold.


To take some of the tension off ageing shoulders, economic institutions are continually exploring products specifically tailored to help retirees. Meet the Reverse Mortgage.


"When you work all of your life, you get to retirement and you want to enjoy what time you've got left," one retiree said. So whether you dream of a new car, a boat, home renovations or a cruise around the world, find out from your lender if a reverse mortgage could be the ideal solution for you.


Do you need help getting the best refinancing deal possible? Visit out site today.


Evelyn Miller is a well known specialist in helping you create a more effective and efficient financial set-up, which will enable you to get ahead in life. Being in the finance industry for over 15 years, he has access to home loans from Australia's largest banks. Therefore, he can attempt to REDUCE your current monthly debt repayments by setting up a tailored, more efficient loan structure and as a result reduce your mortgage term.

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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,...

Consider a reverse mortgage - as your last option by Tony Reed

Home buyers often save rigorously for their home, forgoing expenditures and making sacrifices to pay down the mortgage and save for retirement. At retirement they get to enjoy their dream home debt-free....

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...

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...

Access your home equity with reverse mortgage by Antonio Redford

With the passage of time, contribution of financial institution is increasing in improving living standard of human beings. To offer exclusive financial services globally these institutions are launching...

Reverse Mortgages - Are They Only For Suckers? by Felicity Walker

It sounds too good to be true- a home loan that you never need to pay back. No monthly repayments, nothing - for as long as you're alive or live in your home. Welcome to a reverse mortgage - it may sound...