Sentences with phrase «access to one's home equity»

Provides access to their home equity without the requirement of monthly mortgage payments.

Many senior homeowners wanted access to their home equity to help fund retirement while remaining in their home — and a reverse mortgage loan could help them do just that.

If you get the line of credit now, the amount you can borrow grows as you age, effectively locking in immediate access to home equity when you need it most.

Below are some of the best home equity line of credit lenders assisting homeowners in getting affordable access to their home equity today.

I also have access to home equity at 4.5 % currently and haven't used it yet.

They wanted to sell their home and purchase a new one, all while still enjoying the features of reverse mortgage: access to their home equity without having to pay monthly mortgage payments.

Many senior homeowners wanted access to their home equity to help fund retirement while remaining in their home — and a reverse mortgage loan could help them do just that.

Access to home equity for many homeowners 62 + years old, their home is their largest asset.

1982: The Special Committee on Aging agrees that homeowners need access to their home equity.

This shut off access to the home equity spigot, so consumers became far more dependent on maintaining their credit card, auto & cell - phone credit to try maintain / support their lifestyle, and / or job search.

Low also noted that the growth could be a side of effect of banks restricting access to home equity loans.

Access to home equity for many homeowners 62 + years old, their home is their largest asset.

They wanted to sell their home and purchase a new one, all while still enjoying the features of reverse mortgage: access to their home equity without having to pay monthly mortgage payments.

When you want access to your home equity, you can get it via a home equity line of credit.

And though consumers still have access to home equity loans, it is now a more expensive piggy bank as short - term rates have risen, and the growth of home equity has stopped with the housing market.

There are several good reasons to refinance a mortgage — it can help you lower your interest expense, make your monthly payments more affordable, give you access to home equity, and / or consolidate other debts.

Home equity line of credit: If you have access to home equity, a home equity line of credit (HELOC) may be a better option than a personal line of credit.

There are times when the unexpected happens and access to your home equity can help you pay for necessary repairs.

Access to your home equity is at the behest of the lender, and could be curtailed at times when it is most needed