Not exact matches
While these loans are advantageous to some seniors» situations, reverse equity mortgages are not an appropriate
option in some scenarios, largely
because of the high
upfront costs associated with the loan.
With the annual
option, you will pay less
because there is no interest added since you pay for the year
upfront.
The majority of drivers simply choose to carry auto insurance,
because it does not require much
upfront investment, and can be paid for in installments, unlike all the other
options.
A:
Because of the
upfront costs associated with a reverse mortgage, if you intend to leave your home within 2 to 3 years, there may be other less expensive
options to consider, such as home equity loans, no - interest loans or grants that may be offered by your county government or a local non-profit to repair your home, or a tax deferral program, if you're having problems paying your property taxes.
So I've been reading up on L / O (lease -
options) and I was getting pretty revved up
because they sounded like a great way to purchase a home and cash flow with out having to pay so much money
upfront.