Sentences with phrase «let older homeowners»

Reverse mortgages let older homeowners tap their home equity for a line of credit to pay living expenses.

Not exact matches

For example1, Esther is a 62 - year old homeowner who wants to let her investment portfolio grow and delay using her Social Security benefits.

The move was cheered Friday by companies that offer reverse mortgages, which let homeowners 62 and older use the equity in their homes to receive cash while they continue to own and live there.

Reverse mortgages in Canada let homeowners who are 55 years of age or older borrow on their home equity — the minimum age was 60 until a year ago.