October 9th, 2009 by admin
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Enjoy Your Golden Years
How Do Reverse Mortgages Work
Your retirement years should be spent without financial worry. So if you’re 62 years of age or older, now may be the time to consider a reverse mortgage to unlock the wealth you’ve built up under your own roof. And you can do it while still living in your home and remaining the owner! My role is to help you understand how a reverse mortgage works, help you to determine whether it’s right for you, help you through the loan process, and answer your questions. Contact me today for a free consultation 1-877-311-7383. I’ll help you understand how to turn your home equity into income.
Understanding The Basics
A reverse mortgage is exactly what its name implies — a loan whose features make it essentially the reverse of a » Read more: How Do Reverse Mortgages Work
October 8th, 2009 by admin
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Used Revese Mortgage To Fund Business Growth
Reverse Mortgage Flourtown, Pa: Yesterday, I took a reverse mortgage application for a local entrepreneur in need of funds to expand his business. He had tried to get the money through a regular home equity loan but because he runs a C-Corp and does not show lot of income his application was declined.
Realizing he had the needed capital stored up in home equity he decided to access it through a reverse mortgage loan. His plan is to use the capital to fund the immediate growth and to pay off the loan next year with the profits (although no payment is required). » Read more: Reverse Mortgage Flourtown: Cash To Fund Business Expansion
October 8th, 2009 by admin
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Reverse Mortgage Philadelphia: Here are answers to 5 frequently asked questions about these loans in and around the City of Brotherly Love.
Q1: Would I meet the requirements for a reverse mortgage if I currently have an existing loan on my home?
A1: Yes, but the existing loan must be paid off prior to or at the settlement of the reverse mortgage. Quite often the reverse mortgage is used to refinance an existing loan.
Q2: My property is held in trust. Do I qualify?
A2: Yes, but you must be the primary Trustee and qualified by age. » Read more: Reverse Mortgage Philadelphia – FAQ
October 7th, 2009 by admin
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Reverse Mortgage Philadelphia
Dear Senior,
A reverse mortgage converts some of your home’s equity into tax-free funds for any reason need – to pay bills, cover taxes, or for travel and leisure activities. And the best part is repayment is not required as long as the home remains your primary residence. Other benefits include: » Read more: Reverse Mortgage Philadelphia
October 6th, 2009 by admin
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Reverse Mortgage Flourtown, Pa: Many seniors living in Flourtown just outside of Philadelphia are considering reverse mortgages to help pay property taxes and make home repairs. I met with a one of my customers in the area today and he wanted to better understand how a reverse mortgage affects his home equity.
Spending your equity
You may already have plans for how you want to use your reverse mortgage proceeds. But it’s wise to remember all the work that’s gone into building up those funds, and how important they are to your financial security — particularly if your home is your largest remaining financial asset. » Read more: Reverse Mortgage Flourtown: Managing Your Equity
October 6th, 2009 by admin
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Reverse Mortgage Philadelphia: Philly’s elderly are turning to reverse equity loans offered through lenders such as Wells Fargo in mass. With property taxes going through the roof many seniors can no longer maintain their standard of living.
Seniors in the Greater Philadelphia area can call 610-717-2879 to reach a Reverse Mortgage Specialist for a free consultation. Here’s helpful advice for seniors considering a Home Equity Conversion Mortgage or HECM for short. » Read more: Philadelphia Seniors Turn to Reverse Mortgages
October 6th, 2009 by admin
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October 3rd, 2009 by admin
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West Chester, Pa couple called in and wanted to know what the steps are for applying for a Wells Fargo Reverse Mortgage.
They were happy to learn and you will be to that getting a reverse mortgage with Wells is as simple as it can get.
September 12th, 2009 by admin
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Reverse Mortgage Pros and Cons: If you or someone you know is considering a this special type of home equity loan and want to make sure you look before you leap then here are several very important things to consider to insure you know the truth about reverse mortgages.
What you will pay
Besides interest, getting a reverse mortgage typically involves four types of fees: » Read more: Reverse Mortgage Pros and Cons: Important Coniderations
September 11th, 2009 by admin
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Here is a list of things that every senior should know about Reverse Mortgage Lenders to avoid being scammed.
