Sentences with phrase «u.s. homeowner age»

The average U.S. homeowner age 65 - 74 has $ 125,000 in financial assets.

Not exact matches

• The age of the borrower, or of the age of the younger spouse; the older the homeowner, the more money the homeowner is eligible to receive • The appraised value of the property, minus the cost of any health or safety repairs required to bring the home up to code • The lending limits (where applicable); lending limits vary on a county by county basis • Interest rates, which are determined by the U.S. Treasury or LIBOR Index • The payment plan selected by the borrower

The U.S. Department of Energy (DOE) recommends that homeowners take into account the age of the equipment, whether energy costs are rising for no apparent reason, or if repairs are becoming more frequent.

While more than one million U.S. homeowners have used this loan to age in place, it is important you get educated on loan facts to decide if this financial planning tool is right for you.