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Tag Archives: reverse mortgages

Here’s Why Retirees Should Rethink The Benefits Of Reverse Mortgages

Benefits Of Reverse Mortgages

If you have not considered the benefits of reverse mortgages, here’s some food for thought. New rules have changed the game altogether, protecting borrowers more than ever before. For example, the amount of money that you can take out during the first 12 months is limited. Spouses who are under ...

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It’s Time For Retirees To Take Reverse Mortgages Seriously

reverse mortgage worth it

Most retirees are uninformed when it comes to their options with reverse mortgages. Due to the lack of this information, many are simply unaware that they have such options to begin with. And many do not consider even tapping their equity. According to the 26th Retirement Confidence Survey by the ...

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Reverse Mortgages For Retirement More Popular Option Than Ever Before

reverse mortgage options

As the baby boomer generation settles into their golden years, many are turning to the convenient option of a reverse mortgages for retirement to help them secure their retirement years. In recent years, the reverse mortgage market has once again become healthy, after experiencing a brief fallout during the housing ...

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Reverse Mortgages More Attractive To Older Americans

Home refinance

Reverse mortgages are generally considered to be a safer option these days. Namely, this is because of the Reverse Mortgage Stabilization Act of 2013, which added more safeguards and put into place more restrictions for lenders. As a result, a number of lenders offer more lucrative terms and reduced upfront ...

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Clearing Up Common Misinformation About Reverse Mortgages

Reverse mortgage facts

There’s a lot of misinformation going around about reverse mortgages. We aim to set the record straight. Misinformation: The Lender Owns My Home Now Fact: False. You actually retain your title and said ownership to your home over the entire course of the loan. You can also decide when and ...

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Can Single Persons Reclaim Control of Finances With A Reverse Mortgage?

Reverse Mortgage Tips for Singles

If you are single, over the age of 62 and are struggling with your retirement plan and you own your own home, you can actually take out what is called a reverse mortgage to get things back in order. Before you read any further, you will want to carefully consider ...

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