Sentences with phrase «older access the equity in their home»
The loans are intended to help home owners 62 years of age or older access the equity in their home if they have or all or most of the mortgage paid off.
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Seniors 62 and older can apply for a reverse mortgage as a way to access the equity in their home and convert it into usable funds.
This is a home loan that allows borrowers age 62 and older to access the equity in their homes for supplemental funds.
A reverse mortgage, also called a home equity conversion mortgage (HECM), lets seniors who are at least 62 years old access the home equity from their primary residence in the form of a lump sum, a line of credit, a stream of monthly payments or some combination of these.
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.
A reverse mortgage, also known as a home equity conversion loan (HECM), is a tool designed to help eligible homeowners 62 years and older to access the equity in their homes.