If you’re a homeowner, with high equity and near retirement age, a reverse mortgage commercial has surely crossed your path. These reverse mortgage loans sound pretty appealing on the radio or on your TV commercials. It is especially intriguing if most of your net worth is tied up in your home value. But there are … Read more
The maximum reverse mortgage lending limit is increasing for 2022, allowing retirees with substantial home equity to get more money than was available in previous years. If you are 62 years or older, a reverse mortgage allows home owners to access the equity in their home through a loan. There aren’t any required monthly payments … Read more
Reverse mortgages are financial products that have been around in America for over half a century. They were first introduced by the Maine-based bank, and they came under supervision from HUD in 1987. Reverse mortgages are a loan that work differently than traditional ones. They allow older homeowners to borrow money by using their homes … Read more