Sentences with phrase «substantial amounts of equity in their home»

Sufficient equity: Since you're taking money out of your house, you need a substantial amount of equity in your home to draw from.

Not exact matches

In general, you need a substantial amount of home equity in order to get a reverse mortgage loaIn general, you need a substantial amount of home equity in order to get a reverse mortgage loain order to get a reverse mortgage loan.

This equates to roughly $ 30,000 in outstanding debt per borrower and does not include what may be a substantial amount of education - related debt in the form of credit card, home equity, and retirement account borrowings.

And in addition we always paid some fairly substantial amount for their equity... I have seen many of these folks sign over there homes for 10 dollars.

Have A Financial Backup Plan — Many senior homeowners with a substantial amount of equity often fail to consider the equity in their home as a source of money for unexpected expenses, like home repairs, or medical bills.

Many senior homeowners with a substantial amount of equity often fail to consider the equity in their home as a source of money for unexpected expenses, like home repairs.