A reverse mortgage can be one particular way in which a senior homeowner can acquire an additional source of income during their retirement years. A FHA reverse mortgage, also known as a Home Equity Conversion Mortgage, (HECM), is insured through the government, and allows senior citizens to exchange the equity in their home for a…

If you are an elder military veteran who has purchased a home with a VA loan, and are looking for an additional way to supplement your income, you may want to consider a reverse mortgage. Reverse mortgages are unique in the fact that, rather than making mortgage payments to a lender, borrowers actually receive money…

A reverse mortgage is a distinctive type of loan that is available to borrowers who are 62 years or older and allows the homeowner to live in their residence without paying a mortgage payment in exchange for equity from their home. Although there are many misconceptions regarding this type of loan, and it may not…

Reverse mortgages can be a great financing option for some senior citizens, however, they do not always make sense for every person’s economic situation. Oftentimes, elderly home buyers can be targets for financial fraud, and can sometimes be the victims of economic scams. Dan Turner with Geneva Financial, can work closely with you and your…

If you are 62 or older, you could be eligible for a reverse mortgage. A reverse mortgage is basically a mortgage in which senior citizens can convert the built up equity in their home into an additional amount of cash or a line of credit. If you are interested in applying for this type of…

Are you a senior homeowner who is concerned about the rising cost of healthcare and trying to supplement your retirement income? A reverse mortgage is a unique loan that allows you to take out equity from your home to increase your retirement fund, and could ultimately help you pay for healthcare costs in retirement. If…

Have you reached the age of retirement, and are looking for ways to increase the proceeds of your retirement portfolio? When a homeowner, specifically, makes the transition into retirement, a reverse mortgage could be an effective strategy to increase the amount of capital in one’s retirement portfolio. If you are located in the areas of…

A reverse mortgage is a unique type of loan that allows homeowners of 62 years or older to withdraw a portion of their home’s equity and exchange it for cash. Many retired homeowners can benefit from this type of loan because it offers a way to supplement your retirement fund with a line of cash…

Reverse mortgages were originally developed so that elderly citizens could utilize their home equity without having to sell their homes. It is a possibility to refinance an existing reverse mortgage in order to obtain different loan terms or interest rates, and this process is known as a reverse mortgage for refinance. Although reverse mortgage for…

Are you looking to purchase your own home, but you are apprehensive about depleting your savings in order to do so? An all-in-one mortgage, (sometimes called an offset mortgage), could be something to consider when you are attempting to decide what type of mortgage you want to apply for. All-in-one mortgages allow a borrower to…