Deciding on Whether a Reverse Mortgage is For You

Deciding on Whether a Reverse Mortgage is For You Source: Flickr Many seniors want to enjoy their golden years, but are unable to find a way to increase their monthly income or decrease enough of their monthly expenditures in order to retire at an age that...

How a Reverse Mortgage Can Benefit Homeowners 62 or Older

How a Reverse Mortgage Can Benefit Homeowners 62 or Older Reverse mortgages give eligible homeowners the ability to access the money they have stored up as equity in their homes. They are designed to build seniors’ personal and financial independence by...

The Disadvantages of Reverse Mortgage

The Disadvantages of Reverse Mortgage 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 from a lender...

How to Qualify for a Reverse Mortgage

How to Qualify for a Reverse Mortgage To qualify for a reverse mortgage, you must be at least 62 and have paid off all or most of your home mortgage. Income is generally not a factor, and no medical tests or medical histories are required. If you seek an HECM,...

Top 5 Reasons People Get Reverse Mortgages

Top 5 Reasons People Get Reverse Mortgages Source: Flickr Once you’ve done your quest on reverse mortgages and acquired a far more complete knowledge of the merchandise, the next thing is to determine if your reverse mortgage suits your circumstances. If...