Sentences with phrase «before getting a reverse mortgage»

Before getting a reverse mortgage loan, it's important to understand how these loans work.

Before getting a reverse mortgage, Zorn and his significant other relied on social security and two incomes.

Consult with Consumers on what they need to know and do for their financial wellbeing before getting a reverse mortgage.

Before getting a reverse mortgage, Zorn and his significant other relied on social security and two incomes.

Not exact matches

All Potential Borrowers Must Get Counseling Before Applying Federal law states that anyone who wishes to apply for a reverse mortgage must receive counseling through an agency approved by the Department of Housing and Urban Development (HUD).

The bottom line: If you want an FHA - insured reverse mortgage it might be best to get one before October 1st, the start of the new fiscal year.

What that means is that borrowers who get their reverse mortgages now before rates go up, will get even more money than those who will be cut back even further when the rates do rise under the new calculations.

While there are ways to get out of a reverse mortgage, it is best to think carefully before getting into one in the first place.

Financial assessments are done before the senior gets approved for reverse mortgage loan.

However, a reverse mortgage is a major financial decision, and like any major financial decision, it's important to know exactly what you're getting into before you commit.

Before going any further, it should be noted that only people age 62 and above are eligible to get a reverse mortgage — and 62 is young to get one.

Before considering whether or not to get a reverse mortgage, the following are five tips recommended by experts.

Contact a financial advisor before you decide to get a reverse mortgage.

Get independent advice from a trusted advisor before taking out a reverse mortgage.