Sentences with phrase «reverse mortgages allow»

Reverse Mortgages allow you to tap into the equity you currently have in your home without having to make monthly mortgage payments, and allow you access to an area where you may hold most of your wealth.

Reverse mortgages allow home owners 62 and older to borrow money using their home's equity as collateral, freeing them from monthly mortgage payments.

Reverse mortgages allow seniors to tap into a portion of their home equity and take that equity out as cash.

Reverse mortgages allow homeowners age 62 and older to convert a portion of their home equity into tax - free loan proceeds, which they can elect to receive either in a single lump sum payment, monthly installments, or through a line of credit that allows funds to be withdrawn as needed.

Reverse mortgages allow homeowners (age 62 and over) to convert a portion of their home's equity into cash that generally doesn't need to be paid back as long as the borrower (s) lives in the home.

Reverse mortgages allow homeowners aged 62 years or older to withdraw some of the equity in their home and convert it into cash — and not have to pay it back until they move out or pass away.

Reverse mortgages allow homeowners age 62 and older to convert a portion of their home equity into tax - free loan proceeds that can be used without restriction.

Selling additional financial products with a reverse mortgage: Reverse mortgages allow borrowers to draw out lump sums of cash, or to draw on their home equity as needed.

Reverse Mortgages allow you to tap into the equity you currently have in your home without having to make monthly mortgage payments, and allow you access to an area where you may hold most of your wealth.

A reverse mortgage allows homeowners age 62 or older the ability to convert their home equity into tax - free proceeds, which can be used...

Available only to homeowners age 62 and older, a reverse mortgage allows you to tap a percentage of your equity without having to sell the home and move out.

The reverse mortgage allowed me to settle three delingnent credit card accounts ther by allowing me to sleep at night and rid myself of stress and anxieties.

A reverse mortgage allows you to pay off any other existing mortgages, subsidize health care, make home improvements, help family members, or make lifestyle enhancements.

Reverse mortgages allows an elderly homeowner to make use of their home's equity in order to generate monthly...

Reverse mortgages allows an elderly homeowner to make use of their home's equity in order to generate monthly funds for themselves.

A reverse mortgage allows homeowners 62 and older to convert a portion of their home equity into usable funds without having to repay the loan for as long as the loan obligations are met.1 The fact that reverse mortgages do not require monthly mortgage payments2 often leaves potential borrowers with questions about when the loan -LSB-...]

Unlike a traditional mortgage, home equity loan, or home equity line of credit (HELOC), a reverse mortgage allows senior homeowners to access a portion of their equity without ever having to make a monthly mortgage payment.3 The loan proceeds are not taxed as income, or otherwise, 4 and do not become due until the last borrower or qualifying non-borrowing spouse no longer occupies the home as their primary residence.3

A reverse mortgage allows you to access your home equity, as either a line of credit, monthly disbursement, lump sum payment, or some combination of the three.

A reverse mortgage allows a homeowner convert a portion of the equity in his or her home into cash.

A reverse mortgage allows homeowners 62 and older to convert a portion of their home equity into usable funds without having to repay the loan for as long as the loan obligations are met.1 The fact that reverse mortgages do not require monthly mortgage payments2 often leaves potential borrowers with questions about when the loan needs to be repaid.

A reverse mortgage allows qualified senior homeowners to borrow against their home equity tax - free2 while continuing to own and live in their house.3 The money can be received as a lump sum, 4 monthly payments, or a line of credit to access when needed.

Last year 4,343 Texas homeowners tapped into their home equity using a reverse mortgage loan.3 Unlike a traditional mortgage, a reverse mortgage allows senior homeowners to access a portion of their equity without ever having to make a monthly mortgage payment.4 The loan proceeds are not taxed as income, or otherwise, 5 and do not become due until the last borrower or qualifying non-borrowing spouse no longer occupies the home as their primary residence.

The reverse mortgage allows you to stay in your home until the last borrower on the loan (or under the current guidelines, a qualified spouse who is under the age of 62 at the time the loan is obtained and is recognized as a Non-borrowing spouse) permanently leaves the residence.

While the reverse mortgage allows you to age in place and has no recourse, you are spending what has typically become a portion of the inheritance people have historically left to their heirs.

A reverse mortgage allows homeowners who are at least 62 years old to receive payments from the equity they have built up in their homes.

A reverse mortgage allows you to draw on the equity in your home without having to sell it.

A reverse mortgage allows them to actively control their finances, and to use the home they have cared for so diligently over the years to offer them new options and choices in their retirement years.

Both the standard forward mortgage and the reverse mortgage allow many of us to do just that, at two key stages of our lives.

While the reverse mortgage allows you to age in place and has no recourse, you are spending what has typically become a portion of the inheritance people have historically left to their heirs.

A reverse mortgage allows homeowners aged 62 + to convert a portion of their home equity into cash while they continue to live at home — provided certain loan obligations are met.

A reverse mortgage allows home owners to borrow against their home.

A reverse mortgage allows you to access a portion of your home equity as cash, while remaining in your home and maintaining ownership.1 Reverse mortgages, unlike conventional mortgages, do not require monthly -LSB-...]

Unlike a traditional mortgage, home equity loan, or home equity line of credit (HELOC), a reverse mortgage allows senior homeowners to access a portion of their equity without ever having to make a monthly mortgage payment.3 The loan proceeds are not taxed as income, or otherwise, 4 and do not become due until the last borrower or qualifying non-borrowing spouse no longer occupies the home as their primary residence.3

A reverse mortgage allows them to borrow against that, and they don't have to make any payments on the loan until they move or die.

Not exact matches

The federal government further opened the doors in 2006 by allowing the CMHC to insure 40 - year - long, zero - down mortgages, though it reversed the decision two years later.

At issue are reverse mortgage programs, which allow seniors to borrow against their homes for everyday living expenses.

Protecting Consumers Utilizing Reverse Mortgages: Often utilized by seniors, protections include settlement conferences in cases where the default was triggered by the death of the last surviving borrower and allowing the last surviving borrower's spouse or successor who has a claim to ownership to engage in settlement conference.

A reverse mortgage is one of the very few financial tools that allows senior homeowners to access a portion of their -LSB-...]

Homeowners resolve to reverse mortgage in order to have access to flow of income which can allow them live comfortably in their retirement age.

Designed to allow older homeowners to borrow against the equity in their homes, most reverse mortgages are Home Equity Conversion Mortgages (HECM), insured by the Federal Housing Administratimortgages are Home Equity Conversion Mortgages (HECM), insured by the Federal Housing AdministratiMortgages (HECM), insured by the Federal Housing Administration (FHA).

For the first time in reverse mortgage history, borrowers are allowed to purchase a new home without paying monthly mortgage payments.

If you have equity in your house and you are looking for additional cash flow, a reverse mortgage loan may provide the funding you need while allowing you to stay in your home.

A reverse mortgage is one of the very few financial tools that allows senior homeowners to access a portion of their home equity to pay off their existing mortgage and eliminate their monthly mortgage payment for as long as they live in the home and continue to meet the loan obligations.1

Homeowners age 62 or over can apply for a reverse mortgage, a loan that allows them access a portion of their home equity while staying in their home and maintaining the title.4 The loan works by allowing seniors to borrow against the value of their home and defer mortgage payments until after the last remaining occupant has moved out or passed away.

Characterized by lower upfront Mortgage Insurance Premiums and closing costs, the HECM Saver makes the reverse mortgage more affordable by allowing homeowners to borrow a smaller amount than the standard reverse mMortgage Insurance Premiums and closing costs, the HECM Saver makes the reverse mortgage more affordable by allowing homeowners to borrow a smaller amount than the standard reverse mmortgage more affordable by allowing homeowners to borrow a smaller amount than the standard reverse mortgagemortgage.

Reverse mortgages are government insured loans that allow seniors above the age of 62 to access the equity in their homes and receive it as cash to use.

The interactive map below allows you to get a snapshot of 2016 data on reverse mortgages for each state.

HECM reverse mortgage loans are insured by the Federal Housing Administration (FHA) 1 and allow homeowners to convert their home equity into cash with no monthly mortgage payments.2

I enjoy working with homeowners on the reverse mortgage program because it allows me to truly help assist them in finding a solution to a problem that causes them stress, and the sincere thankfulness they tell me they have for me is very rewarding.

Effective August 4, 2014, new Principal Limit Factors will be in place for the HECM, which will allow borrowers with spouses under the age of 62 to still qualify for a reverse mortgage.