Sentences with phrase «year old homeowner»

For Example, a 66 year old homeowner with a $ 500,000 home currently qualifies for $ 321,000 in available funds on the Fixed Rate Reverse Mortgage product based on today's parameters.

For example, using the calculator on the National Reverse Mortgage Lenders Association website and rates in effect as of December 2013, a single 65 year old homeowner with a $ 300,000 home could get a reverse mortgage for up to $ 152,100.

If you are a 68 year old homeowner with a $ 300,000 home, if you planned on waiting until after the summer so that you could get a little more appreciation or so that you would be within 6 months of your next birthday so you would get higher benefits, look at how these changes would affect you.

For example1, Esther is a 62 - year old homeowner who wants to let her investment portfolio grow and delay using her Social Security benefits.

Not exact matches

«Most homes are 40 years or older,» says Allan, «so homeowners are slowly knocking them down and building new homes.»

Most homeowners or renters policies will not cover a student living in a dorm who is older than 26 years of age.

The business has become extremely popular among new homeowners, particularly the 25 - 34 year old audience.

Older homeowners tend to own for a few years longer; younger and first - time home buyers tend to own for a few years less.

The new program will give about 400 homeowners a year grants to convert their old cesspools into new septic systems.

Thirty year old Justin Deho is facing multiple charges after he was found in a home that was being watched by a friend of the homeowner.

The program, initiated last year by County Executive Anthony J. Picente, Jr., targets properties in Cornhill, West Utica and parts of East Utica that are «at risk» for lead poisoning and allows the homeowners to replace old lead - base painted, single paned windows with new energy efficient replacement windows purchased at cost and using lead safe work practices.

This allows homeowners 62 years of age or older to convert a portion of their home equity into cash with no monthly mortgage payments.

These are just a few pros and cons of reverse mortgage for seniors ages 62 years and older to consider, and many senior homeowners agree that the positives outweigh the negatives when comparing them.

If you are a homeowner 62 years of age or older you may want to refinance your conventional mortgage with a reverse mortgage.

A reverse mortgage from America First Credit Union is a great way for homeowners 62 years of age and older to convert part of their equity into supplemental income.

Nearly three quarters (73 %) of those who are 65 years or older plan to rent rather than own their homes, yet only 6 % of retired homeowners plan to sell their home to rent.

That's because this type of mortgage, which is only available to homeowners who are 62 years or older, allows owners to turn part of the equity in their homes into regular cash payments.

For example, a 62 - year - old homeowner with a property appraised at $ 300,000 would have a Principal Limit of $ 157,200 available to him / her at a 5 % expected rate.

Homeowners must be at least 62 years old at the time the reverse mortgage is completed and the home they wish to use for a reverse mortgage must be their primary residence.

Homeowners 62 years of age or older may want to consider tapping into their home equity as a means of supplementing their income.

The company's specialized products allow homeowners, 62 years and older, the opportunity to convert some of the equity in their homes into tax - free money.

Reverse mortgages allow homeowners aged 62 years or older to withdraw some of the equity in their home and convert it into cash — and not have to pay it back until they move out or pass away.

For homeowners who are either 65 years of age or older or deemed completely disabled, there is a Kentucky homestead exemption available.

This type of mortgage allows homeowners 62 + years old to convert a portion of their home equity into usable funds without having to repay the loan for as long as the borrower continues to meet the loan obligations.1 As you evaluate this financing option consider -LSB-...]

If you are a homeowner 62 years or older and have a significant amount of equity, a reverse mortgage can provide the means to access a portion of your home's equity to help cover medical costs.

However, if a college student is under 26 years old, enrolled in classes and living in on - campus housing, the student may be covered under his or her parents» homeowners or renters insurance policy.

Counting all types of refinances, Freddie Mac, the government - sponsored mortgage outfit, says the average loan refinanced in the first quarter of 2015 was about 5.6 years old, and homeowners cashed out a total... View Article

A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash.

If your five - year - old fur coat is no longer worth the $ 5,000 you paid for it, you'll want to reduce or cancel your floater (extra insurance for items whose full value is not covered by standard homeowners policies such as expensive jewelry, high - end computers and valuable art work) and pocket the difference.

The house was about 50 years old and the previous homeowner have done a little work around the house.

In addition, homeowners who are 50 years of age or older can receive discounts on their homeowners insurance.

For example, insurance companies typically offer loyalty and homeowner discounts, both of which are unattainable for most 18 - year - olds.

Grants are available only to those homeowners 62 years of age or older who can not repay part or all of Section 504 loans.

Our blogger and CEO Michael G. Branson has over 40 years banking experience, has been instrumental in educating some of the largest banks on the nuances of this program and its benefits to older homeowners.

To be eligible for a FHA HECM, the FHA requires that you be a homeowner 62 years of age or older, own your home outright, or have a low mortgage balance that can be paid off at closing with proceeds from the reverse loan, and you must live in the home.

If you are a Canadian, 55 years of age of older and a homeowner, you can qualify for a CHIP Reverse Mortgage from HomEquity Bank.

A reverse mortgage allows homeowners who are at least 62 years old to receive payments from the equity they have built up in their homes.

For Example: 72 - year - old homeowner can opt for a 6.5 % (6.83 % APR) and receive a lump sum of 38.6 % of their home value.

Most homeowners or renters policies will not cover a student living in a dorm who is older than 26 years of age.

To qualify for a reverse mortgage the homeowner needs to be 62 years of age or older and needs to have substantial equity within their home.

It's a loan that allows homeowners 62 years and older to access a portion of the equity in their homes for use in retirement.

Single 65 year old Male: Retired homeowner with great credit and driving history.

The profile we used was that of a 30 year old male, single, and a homeowner with a 2014 Toyota Corolla.

For a five - year - old, $ 400,000 home in the general Whittier area, homeowner's premiums range from $ 581 to $ 2,373 — a difference of more than $ 1,500!

A reverse mortgage, also known as a home equity conversion loan (HECM), is a tool designed to help eligible homeowners 62 years and older to access the equity in their homes.

• There are more than 1.5 million of the homeowners, who are at least 50 years or even older and may have lost the house to foreclosure, since the year 2007, when the mortgage crisis actually began

I'm a 25 - year - old married father and homeowner, paying off student loans for myself and my wife, so I'm not earning a large amount in either situation.

Alyssa Gowing is a 27 - year - old homeowner who follows a strict budget and finds creative ways to save money in order to afford her mortgage

Owning your home free and clear would also be a big help in stretching your retirement income, but about 37 % of homeowners age 65 and older are still paying off a mortgage.4 If you foresee your mortgage being an issue in your retirement years, you may want to examine options to pay it off early, reduce payments, or otherwise modify the terms.

Reverse mortgages in Canada let homeowners who are 55 years of age or older borrow on their home equity — the minimum age was 60 until a year ago.