Sentences with phrase «types of reverse mortgages available»
There are many different types of reverse mortgages available, each with their own lenders, fee schedules, interest rate structures, and more.
http://www.reversemortgagehelp.com/
While the HECM is the most common reverse mortgage used, there are other types of reverse mortgages available:
There is a type of reverse mortgage available, the Reverse Mortgage for home purchase, that allows a borrower to take out a reverse mortgage and purchase a new home within a single transaction.
Not exact matches
A reverse mortgage is a special type of home equity loan that is available to senior citizens of 62 year and above.
Read on to learn more about the types of reverse mortgages currently available on the market today.
The National Council on Aging is expressing concern about the potential for fraud and scams if more types of reverse mortgage loans become available.
There is also a type of reverse mortgage called the HECM for Purchase, which is available to help you buy a new home and get a reverse mortgage in one transaction.
These are the least expensive type of reverse mortgage, but are not available in all areas.
With reverse mortgages the loan pays you over time, and is available regardless of your current income and debt to equity ratio, unlike the other types of loans.
Read on to learn more about the types of reverse mortgages currently available on the market today.
Reverse Mortgage A type of home equity loan that is available to homeowners age 62 or older.