By: Hunter Lending Team You've made the decision that you need some extra assistance in meeting your monthly financial obligations. One of the best options for those over sixty-two years of age who own their own home is a reverse mortgage.
By: Hunter Lending Team Reverse mortgages are becoming popular among the senior citizens. They give seniors easy money in lieu of the part ownership of their home. If you want to go for a reverse mortgage, the information below will help you: What is reverse mortgage? For senior citizens above 62 years, lenders offer instant cash without any monthly payments. This allows the pensioners with a home, but no cash, to get easy financing to meet their daily needs or for any other purposes. This ...
By: Hunter Lending Team A home loan that you do not have to pay back for as long as you’re alive or for as long as you live there? That sounds too good to be true, but that’s what reverse mortgages do. A reverse mortgage is a loan that you make where you do not have to pay back anything for as long as you still possess that property you have purchased. Reverse mortgages provide you with cash which you can use for other investments. By turning the value of your home into cash, reverse mortgages gi...
By: Hunter Lending Team A home equity line of credit is a useful tool, but one that is adversely affected by rising interest rates. If you have one, what should you do?