Thursday , April 25 2019
Home / Money / How A Reverse Mortgage Can Benefit Widows, Widowers
Reverse Mortgage for widow

How A Reverse Mortgage Can Benefit Widows, Widowers

We all can’t live forever, and the famous “until death do us part” stanza from our marriage vows suddenly becomes omnipresent when we realize that we’re going it alone. This does leave the lingering question, though: How can a reverse mortgage benefit widows and widowers?

What Is A Reverse Mortgage?

As reverse mortgage is a way to tap into your home’s equity and borrow it in a special kind of mortgage that requires no monthly payments (while you are alive) and that is not repaid until after you have passed away. It still has similar interest rates and fees that are attached. Qualifying persons must be at least 62 years of age and have substantial equity in their homes. Learn about four other things to know about a reverse mortgage to better educate yourself.

How It Can Help Widows, Widowers

Let’s take a page from a classic example here to better illustrate this concept. Let’s say Jim and Jane have been married for 30 years. They’ve been at their house for 20 years and have accrued substantial amounts of equity with about 10 years of repayment left.

Suddenly, Jim passes away, leaving Jane to cover all of their monthly expenses. Jane meets the age requirements and takes out a reverse mortgage home loan on her house to secure her retirement, now that her income has been affected. Jane is able to preserve her lifestyle and not have to stress over making ends meet. The loan is only repaid after Jane passes away, freeing up more monthly funds because no mortgage payment is due each month anymore.

You Do Have Options

A reverse mortgage is a viable solution for widows and widowers, as the above example reflects. It is always good advice to learn more about the benefits of a reverse mortgage and to conduct thorough research and due diligence to assure that this is the right choice for your needs.

If you do arrive at the conclusion that this is the best solution for you, there are ample lenders you can contact to receive more information and to see what interest rate that you qualify for. While someone passing away is always tragic, it is comforting to know that you do have options for preserving your lifestyle.

Check Also

Reverse Mortgage pros

5 Upsides To An HECM Reverse Mortgage

As you near your golden years, the last thing that you want to have to ...

110 comments

  1. Good – I should certainly pronounce, impressed with your website. I had no trouble navigating through all the tabs and related info ended up being truly simple to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, site theme . a tones way for your client to communicate. Excellent task.

  2. After all, what a great site and informative posts, I will upload inbound link – bookmark this web site? Regards, Reader.

  3. It’s an awesome paragraph in favor of all the online viewers;
    they will get advantage from it I am sure.

  4. I think other site proprietors should take this site as an model, very clean and fantastic user friendly style and design, as well as the content. You are an expert in this topic!

  5. Very interesting info !Perfect just what I was looking for!

  6. I really enjoy looking at on this site, it has got good posts. “And all the winds go sighing, For sweet things dying.” by Christina Georgina Rossetti.

  7. Hello There. I found your blog using msn. This is an extremely well written article. I’ll make sure to bookmark it and return to read more of your useful info. Thanks for the post. I will certainly comeback.

  8. Thank you for sharing excellent informations. Your web site is so cool. I’m impressed by the details that you have on this blog. It reveals how nicely you perceive this subject. Bookmarked this website page, will come back for extra articles. You, my pal, ROCK! I found just the information I already searched everywhere and simply could not come across. What a great site.

  9. The following time I read a weblog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my option to learn, however I truly thought youd have one thing interesting to say. All I hear is a bunch of whining about one thing that you could possibly fix when you werent too busy looking for attention.

  10. Hi there, just became alert to your weblog thru Google, and located that it’s really informative. I’m gonna be careful for brussels. I’ll appreciate for those who continue this in future. Many folks will probably be benefited out of your writing. Cheers!

  11. What i don’t understood is actually how you are not really much more neatly-favored than you may be right now. You are very intelligent. You already know thus considerably with regards to this subject, made me for my part believe it from a lot of varied angles. Its like men and women aren’t involved until it is something to do with Girl gaga! Your own stuffs great. Always care for it up!

  12. Good write-up, I am regular visitor of one?¦s blog, maintain up the excellent operate, and It is going to be a regular visitor for a lengthy time.

  13. Heya i am for the first time here. I came across this board and I find It truly useful & it helped me out a lot. I hope to give something back and help others like you aided me.

  14. WONDERFUL Post.thanks for share..extra wait .. …

  15. There are some interesting closing dates in this article but I don’t know if I see all of them middle to heart. There’s some validity however I will take maintain opinion till I look into it further. Good article , thanks and we want extra! Added to FeedBurner as nicely

  16. I like this post, enjoyed this one thanks for posting.

  17. What i don’t realize is in fact how you are now not really a lot more smartly-preferred than you may be now. You’re so intelligent. You already know therefore significantly on the subject of this subject, produced me for my part consider it from so many numerous angles. Its like men and women are not involved until it?¦s one thing to do with Lady gaga! Your personal stuffs outstanding. Always take care of it up!

  18. This website is mostly a walk-by for all the info you wanted about this and didn’t know who to ask. Glimpse right here, and you’ll positively uncover it.

  19. Wow that was strange. I just wrote an really long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyhow, just wanted to say wonderful blog!

  20. I really like your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you? Plz respond as I’m looking to create my own blog and would like to know where u got this from. thank you

  21. I really enjoy studying on this web site, it holds superb content.

  22. Good – I should definitely pronounce, impressed with your web site. I had no trouble navigating through all the tabs and related information ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, web site theme . a tones way for your customer to communicate. Excellent task..

  23. I wanted to thank you for this great read!! I definitely enjoying every little bit of it I have you bookmarked to check out new stuff you post…

  24. You need to take part in a contest for the most effective blogs on the web. I will suggest this website!

  25. I love your blog.. very nice colors & theme. Did you create this website yourself? Plz reply back as I’m looking to create my own blog and would like to know wheere u got this from. thanks

  26. Pretty portion of content. I simply stumbled upon your site and in accession capital to claim that I get actually enjoyed account your weblog posts. Any way I will be subscribing for your feeds or even I success you get entry to consistently fast.

  27. You made some clear points there. I did a search on the subject and found most persons will approve with your blog.

  28. As a Newbie, I am permanently exploring online for articles that can be of assistance to me. Thank you

  29. Thanks , I have just been looking for information about this subject for a long time and yours is the greatest I have found out so far. However, what concerning the bottom line? Are you positive about the source?

  30. Hey! I know this is kinda off topic nevertheless I’d figured I’d ask. Would you be interested in exchanging links or maybe guest authoring a blog article or vice-versa? My blog covers a lot of the same subjects as yours and I feel we could greatly benefit from each other. If you’re interested feel free to shoot me an e-mail. I look forward to hearing from you! Awesome blog by the way!

  31. Hi, Neat post. There’s a problem with your web site in internet explorer, would check this… IE still is the market leader and a huge portion of people will miss your excellent writing due to this problem.

  32. Hello. impressive job. I did not expect this. This is a great story. Thanks!

  33. I haven’t checked in here for some time as I thought it was getting boring, but the last several posts are good quality so I guess I will add you back to my daily bloglist. You deserve it my friend 🙂

  34. Oh my goodness! an incredible article dude. Thanks However I am experiencing subject with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting similar rss downside? Anyone who knows kindly respond. Thnkx

  35. I am glad to be one of many visitants on this outstanding website (:, thankyou for putting up.

  36. Hello there! Do you know if they make any plugins to help with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success. If you know of any please share. Cheers!

  37. trmexjosp,Wonderful one thank you so much !

  38. What i don’t realize is if truth be told how you’re now not really much more smartly-appreciated than you might be right now. You are so intelligent. You already know thus significantly on the subject of this subject, made me for my part imagine it from a lot of numerous angles. Its like women and men aren’t involved unless it?¦s one thing to do with Woman gaga! Your personal stuffs great. All the time take care of it up!

  39. I have been exploring for a bit for any high-quality articles or weblog posts in this sort of house . Exploring in Yahoo I at last stumbled upon this web site. Studying this info So i?¦m glad to show that I’ve a very just right uncanny feeling I discovered just what I needed. I most surely will make certain to don?¦t disregard this web site and give it a glance regularly.

  40. iogvvxapex Yeezy,Are you searching for top class Escort service in Noida and want to enjoy with them, hire sexy girls from top Greater Noida escort service and enjoy full night.

  41. Hmm is anyone else experiencing problems with the pictures on this blog loading? I’m trying to determine if its a problem on my end or if it’s the blog. Any suggestions would be greatly appreciated.

  42. oszrmryi,Some really nice stuff on this website, I enjoy it.

  43. Once I initially commented I clicked the -Notify me when new feedback are added- checkbox and now each time a remark is added I get 4 emails with the same comment. Is there any way you’ll be able to take away me from that service? Thanks!

  44. catsfkb,Some really nice stuff on this website, I enjoy it.

  45. I?¦m no longer certain the place you’re getting your info, however great topic. I must spend some time studying more or working out more. Thanks for wonderful info I was looking for this info for my mission.

  46. Great ?V I should certainly pronounce, impressed with your website. I had no trouble navigating through all tabs as well as related information ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or something, site theme . a tones way for your client to communicate. Nice task..

  47. I’d need to test with you here. Which is not one thing I often do! I enjoy studying a submit that may make people think. Additionally, thanks for permitting me to comment!

  48. Howdy! I could have sworn I’ve been to this website before but after browsing through some of the post I realized it’s new to me. Anyhow, I’m definitely delighted I found it and I’ll be book-marking and checking back often!

  49. Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!

  50. qmxgeqk,Some really nice stuff on this website, I enjoy it.

  51. This is the right blog for anyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want…HaHa). You definitely put a new spin on a topic thats been written about for years. Great stuff, just great!

  52. I absolutely love your blog and find many of your post’s
    to be what precisely I’m looking for. Would you offer guest writers
    to write content to suit your needs? I wouldn’t mind creating a post or elaborating on a few of the
    subjects you write related to here. Again, awesome blog!

  53. Pretty section of content. I just stumbled upon your weblog and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Anyway I’ll be subscribing to your feeds and even I achievement you access consistently quickly.

  54. This really answered my problem, thank you!

  55. I¦ll right away grab your rss feed as I can not in finding your e-mail subscription hyperlink or e-newsletter service. Do you’ve any? Kindly allow me realize in order that I may subscribe. Thanks.

  56. mwhklweis,If you want a hassle free movies downloading then you must need an app like showbox which may provide best ever user friendly interface.

  57. I’ve been absent for a while, but now I remember why I used to love this website. Thank you, I will try and check back more frequently. How frequently you update your web site?

  58. Very interesting topic, thanks for putting up.

  59. Hi there, You have done an incredible job. I’ll definitely digg it and personally suggest to my friends. I am sure they will be benefited from this site.

  60. bxzhwiu,Thanks for sharing such an amazing blog. I am so happy found this informative blog.

  61. Perfect piece of work you have done, this site is really cool with fantastic info .

  62. I enjoy your writing style truly loving this site.

  63. I every time used to read piece of writing in news papers but now as
    I am a user of web therefore from now I am using net
    for articles, thanks to web.

  64. Keep up the great work, I read few posts on this site and I believe that your website is real interesting and contains lots of fantastic info .

  65. I truly appreciate this post. I have been looking all over for this! Thank goodness I found it on Bing. You’ve made my day! Thank you again

  66. ktmcnler,If you are going for best contents like I do, just go to see this web page daily because it offers quality contents, thanks!

  67. I have recently started a site, the information you offer on this web site has helped me greatly. Thank you for all of your time & work.

  68. What i don’t realize is in fact how you are not actually a lot more neatly-preferred than you might be right now. You’re very intelligent. You realize thus significantly in terms of this subject, produced me in my view imagine it from numerous various angles. Its like women and men are not interested unless it’s one thing to accomplish with Lady gaga! Your own stuffs great. Always take care of it up!

  69. Appreciating the time and effort you put into your site and in depth information you present. It’s great to come across a blog every once in a while that isn’t the same outdated rehashed material. Fantastic read! I’ve saved your site and I’m adding your RSS feeds to my Google account.

  70. I really like your writing style, fantastic information, regards for putting up :D. “If a cluttered desk is the sign of a cluttered mind, what is the significance of a clean desk” by Laurence J. Peter.

  71. You have noted very interesting details ! ps decent internet site.

  72. jinptnqtqf,Hi there, just wanted to say, I liked this article. It was helpful. Keep on posting!

  73. Thanks , I’ve recently been searching for information about this topic for ages and yours is the best I’ve discovered so far. But, what about the conclusion? Are you sure about the source?

  74. jxqchni,Thanks for this useful information, Really amazing. Thanks again. I LOve your BloG

  75. Hello, just wanted to tell you, I enjoyed this blog post.
    It was inspiring. Keep on posting!

  76. heyhvfkfiex,Some really nice stuff on this website, I enjoy it.

  77. Great remarkable issues here. I?¦m very satisfied to look your article. Thank you so much and i’m having a look ahead to touch you. Will you kindly drop me a mail?

  78. Wow that was strange. I just wrote an incredibly long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyhow, just wanted to say great blog!

  79. Hi there, You’ve done an incredible job. I will certainly digg it and personally recommend to my friends. I am sure they will be benefited from this website.

  80. Attractive section of content. I simply stumbled upon your website and in accession capital to say that I get in fact enjoyed account your weblog posts. Any way I will be subscribing in your augment and even I success you get admission to consistently quickly.

  81. Hello There. I found your blog using msn. That is a very well written article. I’ll make sure to bookmark it and return to read more of your helpful info. Thanks for the post. I will certainly comeback.

  82. Excellent site. Lots of helpful info here. I?¦m sending it to several friends ans also sharing in delicious. And certainly, thank you in your sweat!

  83. It’s a shame you don’t have a donate button! I’d definitely donate to this fantastic blog! I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to new updates and will talk about this site with my Facebook group. Talk soon!

  84. Wonderful site you have here but I was wondering if you knew of any user discussion forums that cover the same topics talked about here? I’d really like to be a part of community where I can get feedback from other experienced people that share the same interest. If you have any suggestions, please let me know. Kudos!

  85. abvpguukdg,Hi there, just wanted to say, I liked this article. It was helpful. Keep on posting!

  86. Excellent read, I just passed this onto a colleague who was doing some research on that. And he just bought me lunch as I found it for him smile Thus let me rephrase that: Thank you for lunch! “A human being has a natural desire to have more of a good thing than he needs.” by Mark Twain.

  87. You are my aspiration, I possess few blogs and infrequently run out from to post .

  88. Hi there! I simply would like to give an enormous thumbs up for the nice information you will have here on this post. I might be coming again to your blog for extra soon.

  89. Regards for helping out, great info .

  90. I am extremely impressed together with your writing abilities and also with the layout to your weblog. Is that this a paid theme or did you modify it your self? Either way keep up the excellent high quality writing, it’s uncommon to see a great blog like this one nowadays..

  91. gkvnume,Some really nice stuff on this website, I enjoy it.

  92. Whoa! This blog looks just like my old one! It’s on a completely different subject but it has pretty much the same layout and design. Wonderful choice of colors!

  93. I have been browsing on-line greater than three hours these days, but I by no means found any interesting article like yours. It is pretty value sufficient for me. In my view, if all website owners and bloggers made excellent content as you did, the internet can be much more useful than ever before.

  94. I’m extremely impressed together with your writing talents as neatly as with the format to your weblog. Is that this a paid subject matter or did you customize it yourself? Anyway keep up the nice quality writing, it’s rare to look a great blog like this one today..

  95. Outstanding post, I think blog owners should larn a lot from this web blog its very user genial.

  96. osegkz,Definitely believe that which you said. Your favourite justification appeared to be on the net the simplest thing to remember of.

  97. My husband and i felt absolutely fortunate when Chris managed to finish off his preliminary research out of the precious recommendations he got out of your web site. It’s not at all simplistic to just choose to be giving out guides which the others may have been selling. And we also see we’ve got the website owner to give thanks to for this. The entire explanations you made, the easy blog navigation, the relationships you assist to instill – it’s got everything great, and it is helping our son and the family reason why that topic is exciting, which is certainly exceedingly important. Many thanks for the whole thing!

  98. qqjunqm,This website truly has alll of the information and facts I wanted about this subject and didn?t know who to ask.

  99. wonderful submit, very informative. I ponder why the opposite experts of this sector don’t understand this. You should continue your writing. I’m sure, you have a great readers’ base already!

  100. I have been absent for a while, but now I remember why I used to love this site. Thank you, I’ll try and check back more frequently. How frequently you update your website?

  101. taufgfnvfpj,Hi there, just wanted to say, I liked this article. It was helpful. Keep on posting!

  102. hi!,I like your writing so much! share we communicate more about your article on AOL? I need an expert on this area to solve my problem. May be that’s you! Looking forward to see you.

  103. You completed certain fine points there. I did a search on the issue and found the majority of people will have the same opinion with your blog.

  104. We absolutely love your blog and find almost all of your post’s to be exactly I’m looking for. Do you offer guest writers to write content for you personally? I wouldn’t mind writing a post or elaborating on most of the subjects you write with regards to here. Again, awesome blog!

  105. I wish to convey my admiration for your kindness for women who have the need for help with this topic. Your personal dedication to passing the solution all over had been extraordinarily informative and have truly made men and women like me to achieve their goals. The informative key points denotes much to me and much more to my office workers. With thanks; from all of us.

  106. you’re really a just right webmaster. The website loading velocity is incredible. It seems that you’re doing any distinctive trick. Moreover, The contents are masterpiece. you have performed a excellent activity on this subject!

  107. Really clean website , regards for this post.

  108. Hello, Neat post. There is a problem together with your web site in internet explorer, may test thisK IE still is the marketplace leader and a big section of other people will pass over your fantastic writing due to this problem.

  109. I have not checked in here for a while as I thought it was getting boring, but the last few posts are great quality so I guess I’ll add you back to my daily bloglist. You deserve it my friend 🙂

Leave a Reply

Your email address will not be published. Required fields are marked *