Sentences with phrase «allows older homeowners»

A reverse mortgage is a type of loan that allows older homeowners to borrow against the equity in their homes.

Reverse Purchase allows older homeowners the ability to purchase a new principal residence with a Reverse Mortgage.

A reverse mortgage is similar to a home equity loan, in that it allows older homeowners — 62 or over — to use...

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 Administration (FHA).

A reverse mortgage can be defined as a special type of loan used to release the equity in senior homeowners» homes, allowing older homeowners to realize the equity in their homes without conceding any ownership of the property.

Not exact matches

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

Suffolk County officials will hold a town hall Monday night in Flanders for East End residents seeking more information on a proposed septic improvement program that would allow some homeowners to receive a grant toward replacing old wastewater systems with new technology.

The program, initiated last year by County Executive Anthony J. Picente, Jr., targets properties in Cornhill, West Utica and parts of East Utica that are «at risk» for lead poisoning and allows the homeowners to replace old lead - base painted, single paned windows with new energy efficient replacement windows purchased at cost and using lead safe work practices.

The issue is immense and there are many older homes in our area needing inspection and potential lead abatement work, so this funding will critically strengthen our efforts and allow us to help more homeowners and landlords to recognize and ameliorate their lead problems.»

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.

This allows homeowners 62 years of age or older to convert a portion of their home equity into cash with no monthly mortgage payments.

That's because this type of mortgage, which is only available to homeowners who are 62 years or older, allows owners to turn part of the equity in their homes into regular cash payments.

These loan products allow homeowners age 62 and older to convert a portion of their home equity into tax - free loan proceeds, which they can choose to spend however they want.

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.

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-...]

The company's specialized products allow homeowners, 62 years and older, the opportunity to convert some of the equity in their homes into tax - free money.

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.

This type of mortgage allows homeowners 62 + years old to convert a portion of their home equity into usable funds without having to repay the loan for as long as the borrower continues to meet the loan obligations.1 As you evaluate this financing option consider -LSB-...]

This allows homeowners, which are essentially taking out a brand - new mortgage and paying off the old mortgage, to request an additional cash payout which can be used to consolidate outstanding debt regardless of your bad credit.

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.

Reverse mortgages are not a rip - off at all; they are a federally insured loan1 that 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 they continue to meet the loan obligations.2

Reverse equity mortgages are a special type of loan used to «unlock» the equity in older homeowners» homes, allowing seniors to cash in on the equity without selling the home or transferring the title.

A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash.

In America, reverse mortgages are a special type of loan used to «unlock» the equity in older homeowners» (ages 62 +) homes, allowing seniors to cash in on the equity in their homes without conceding any ownership of the property.

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.

FHA's Energy Efficient Mortgage program allows homeowners to save money on their utility bills by offering assistance to add energy efficiency features to new or older homes as part of an FHA - insured home.

A Home Equity Conversion Mortgage (HECM) for Purchase is a reverse mortgage loan that allows homeowners age 62 and older to buy a home using a larger down payment to build the necessary equity in the home rather than using all their available assets.

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.

Reverse mortgages, which allow homeowners 62 and older to borrow money against the value of their homes — money that need not be paid back until they move out or die — have long posed pitfalls for older borrowers.

A reverse mortgage is a loan that allows qualified homeowners who are age 62 or older to take part of their home's equity as cash, either as a line of credit, or monthly or lump sum payment, or combo of a credit line and payments.

It's a loan that allows homeowners 62 years and older to access a portion of the equity in their homes for use in retirement.

Reverse mortgage loans are a special type of loan used to «unlock» the equity in older homeowners» (ages 62 +) homes, allowing seniors to cash in on the equity in their homes without conceding any ownership of the property.

In 2017, itemizing mortgage interest on that amount allowed homeowners to deduct $ 19,000 more than the old standard deduction of $ 12,700.

Also known as a HECM (Home Equity Conversion Mortgage) is a financial tool that was created specifically for homeowners 62 or older to allow them to:

Reverse Mortgages are designed to help older homeowners manage their retirement finances by allowing borrowers to convert a portion of their home equity into liquid assets.

Reverse mortgages are known for allowing senior homeowners aged 62 or older stay in their homes.

A reverse mortgage is a special kind of HECM loan that allows American homeowners age 62 and older to borrow...

A reverse mortgage is a unique, Federal Housing Administration (FHA)- insured loan that allows eligible homeowners age 62 years and older to convert a portion of their home's equity into tax - free1 funds without having to pay monthly mortgage payments.2 The loan generally does not have to be repaid until the last homeowner on title passes away or no longer lives in the home as their primary residence.

A reverse mortgage is a loan that allows homeowners 62 or older to convert a portion of their home equity into cash while staying in their home and maintaining the title.1 This loan can be a wonderful financial tool for seniors to use, but it is important that they are properly educated about the product.

As house prices have increased, many older Americans may be tempted to tap the equity in their homes with a reverse mortgage, which is a loan that allows homeowners 62 and older to convert a portion of the equity in their homes into cash.

A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash.

A reverse mortgage is a loan for homeowners age 62 and older that allows seniors to access a portion of their home's equity.

This type of mortgage allows homeowners 62 + years old to convert a portion of their home equity into usable funds without having to repay the loan for as long as the borrower continues to meet the loan obligations.1 As you evaluate this financing option consider -LSB-...]

This type of mortgage allows homeowners 62 + years old to convert a portion of their home equity into usable funds without having to repay the loan for as long as the borrower continues to meet the loan obligations.1

This allows homeowners 62 years of age or older to convert a portion of their home equity into cash with no monthly mortgage payments.

Homeowners in the 1990s and 2000s began tearing out the hanging upper cabinets in their older homes to allow better views in / out of kitchens as we'll see in upcoming posts.