Sentences with phrase «seniors access the equity in their home»

A reverse mortgage is a wonderful tool to help seniors access the equity in their home.

A reverse mortgage is a wonderful tool to help seniors access the equity in their home.

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A reverse mortgage is one of the very few financial tools that allows senior homeowners to access a portion of their home equity to pay off their existing mortgage and eliminate their monthly mortgage payment for as long as they live in the home and continue to meet the loan obligations.1

Homeowners age 62 or over can apply for a reverse mortgage, a loan that allows them access a portion of their home equity while staying in their home and maintaining the title.4 The loan works by allowing seniors to borrow against the value of their home and defer mortgage payments until after the last remaining occupant has moved out or passed away.

The loan allows seniors who have equity in their homes to access a portion of it as usable funds.

Reverse mortgages are government insured loans that allow seniors above the age of 62 to access the equity in their homes and receive it as cash to use.

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.

A reverse mortgage is a valuable tool that offers senior homeowners a way to access their home equity in the form of cash.

Many senior homeowners wanted access to their home equity to help fund retirement while remaining in their home — and a reverse mortgage loan could help them do just that.

What's even more frustrating is that, even as many seniors struggle to make their monthly bills, they're not accessing a substantial investment - the equity they've built up in their homes.

A reverse mortgage allows qualified senior homeowners to borrow against their home equity tax - free2 while continuing to own and live in their house.3 The money can be received as a lump sum, 4 monthly payments, or a line of credit to access when needed.

For many senior homeowners interested in accessing their home equity, the reverse mortgage loan is a choice that is often made with confidence.

For seniors who want to remain in their home and access their home equity, reverse mortgages will always be a useful financial strategy.

Despite economic upheaval and forward mortgage lending issues, reverse mortgages have continued to grow as a safe, government - insured loan allowing seniors to access a portion of the equity in their homes while not having to make a monthly mortgage payment.

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.

Many senior homeowners wanted access to their home equity to help fund retirement while remaining in their home — and a reverse mortgage loan could help them do just that.

Reverse mortgages are government insured loans that allow seniors above the age of 62 to access the equity in their homes and receive it as cash to use.

In addition, reverse mortgages were designed to help seniors age in place, so you can access the equity in your home without having to leave the home — a feature that proves helpful to many seniorIn addition, reverse mortgages were designed to help seniors age in place, so you can access the equity in your home without having to leave the home — a feature that proves helpful to many seniorin place, so you can access the equity in your home without having to leave the home — a feature that proves helpful to many seniorin your home without having to leave the home — a feature that proves helpful to many seniors.

A HECM enables seniors to access a portion of their home's equity without having to make monthly mortgage payments as long as they live in the home as their primary residence, continue to pay required property taxes, homeowners insurance and maintain the home according to FHA requirements.

A HECM, also called a reverse mortgage, allows seniors to access a portion of their home equity while remaining in their home and maintaining -LSB-...]

A reverse mortgage is a valuable tool that offers senior homeowners a way to access their home equity in the form of cash.

A reverse mortgage is one of the very few financial tools that allows senior homeowners to access a portion of their home equity to pay off their existing mortgage and eliminate their monthly mortgage payment for as long as they live in the home and continue to meet the loan obligations.1

Still, he said, reverse mortgages are «a critical resource for seniors who wish to access their accumulated home equity and age in place.»

A HECM, also called a reverse mortgage, allows seniors to access a portion of their home equity while remaining in their home and maintaining ownership.1 The process of acquiring a HECM loan is very similar to other types of financing, but prospective borrowers are often surprised to learn that they can not access all of their home equity with a HECM.

For many senior homeowners interested in accessing their home equity, the reverse mortgage loan is a choice that is often made with confidence.