Don’t be suckered into buying a reverse mortgage

Reverse mortgages sound enticing: The advertisements you see on television, in print and online give the impression that these loans are a risk-free way to fill financial gaps in retirement. However, the ads don’t always tell the whole story. A reverse mortgage is a special type of home equity loan sold to homeowners aged 62 […]
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Reverse Mortgage vs. Forward Mortgage

In the past several years, reverse mortgage loan has become one the most useful product in terms of providing financial security to the senior US citizens. What is a reverse mortgage? As it name tells, it is merely the “reverse” of regular mortgage loans. Simply put, in a regular mortgage you make monthly payments to […]
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Reverse Mortgage Advantages

Get misuse or settle monetary responsibility and make no settlements For as prolonged as you remain in your house or keep the financing Lasts as extensive as one residence proprietor remains Providing establishment might not require any type of type of settlements with little resident dedications Complete security With hardly any demands, the loan provider […]
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Economic Woes Make Reverse Mortgages More Attractive to Seniors

According to the Bureau of Labor Statistics, there is no inflation in today’s economy. Social Security COLA increases, which are tied to inflation, have been held to a mere 1.5%. However, grocery shoppers and those people driving gas-consuming automobiles have seen the prices of food and energy increase dramatically over the past three years.  For […]
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