What rights and responsibilities do you have as a senior citizen when it comes to your home, the equity and if you do take out a loan? Learn the answers here!
Well hi there, folks! It's your friendly neighborhood blogger, here to talk to you about something that might just change the way you think about retirement: reverse mortgages.
Now, I know what you m...
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Well hi there, folks! It's your friendly neighborhood blogger, here to talk to you about something that might just change the way you think about retirement: reverse mortgages.
Now, I know what you might be thinking. "Reverse mortgages? That sounds complicated and a bit scary!" But trust me, it's not as intimidating as it sounds. In fact, a reverse mortgage can be a valuable tool for seniors who want to access the equity in their home without having to make monthly payments.
So grab a cup of coffee (or tea, if that's more your style) and settle in as we explore the world of reverse mortgages. I'll break it down into simple terms and answer some of the most common questions people have about these loans. By the time we're done, you'll be a reverse mortgage pro!
Reach out with any questions at all, big or small.
Beth, Cheryl, Terry, Lindsay
This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.
*There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.