Sentences with phrase «single purpose reverse»

Except you apply for single purpose reverse mortgage loan, there is no restriction on how you can use your reverse mortgage.

Not exact matches

The counselor's job is to explain how HECMs work, and to help the borrower compare them to single - purpose and proprietary reverse mortgages.

Single - purpose reverse mortgages are the most affordable option and are preferred by low or moderate income homeowners.

The counselor's job is to explain how HECMs work, and to help the borrower compare them to single - purpose and proprietary reverse mortgages.

To locate single - purpose reverse mortgage lenders, research your local agencies on aging who should be able to tell you if loan programs for home repairs exist in your local area.

If you are looking for the least expensive option, you will find it with Single - Purpose reverse mortgages.

Single - purpose reverse mortgages are generally offered to lower - income homeowners by non-profit organizations and local government agencies.

-- Single - purpose reverse mortgages — Federally - insured reverse mortgages (HECM loans)-- Proprietary reverse mortgages

Single - purpose reverse mortgages.

In general, there are three categories: Home Equity Conversion Mortgages (HECMs), which are backed by the federal government; proprietary reverse mortgages, which are basically private loans; and single - purpose reverse mortgages, which come together with limitations in terms of what you can spend the money on.

Apollo Bay Bed & Breakfast is a luxurious, purpose built bed and breakfast with the option of king size, double or single beds, own ensuite, reverse cycle air conditioning, television, iron, all linen supplied, rooms are serviced daily.

While many financial products are created for a single purpose, reverse mortgage loans are not «one size fits all.»

Reverse 1031 Exchange fees, costs related to the set - up, maintenance and disposition of the special purpose, single member limited liability company (LLC) and other related administrative costs will be invoiced through, and are due at, the like - kind replacement property closing.

Exeter Reverse 1031 Exchange Services, LLC will set - up a SEPARATE special purpose entity in the form of a separate single member limited liability company that will be used exclusively for your Reverse 1031 Exchange transaction.

Exeter Reverse 1031 Exchange Services, LLC, which serves as your Exchange Accommodation Titleholder or «EAT», will set - up a special purpose entity or «SPE» in the form of a single member limited liability company or SMLLC that will be used exclusively to acquire and hold or «park» title to your replacement property during your Improvement 1031 Exchange.