reverse mortgage

They should decide themselves whether to take a reverse mortgage.

In addition, there are costs during the life of the reverse mortgage.

If these other options still are not enough, consider the reverse mortgage.

Reverse mortgages are available only to homeowners 62 or older.

The interest rate on the reverse mortgage varies by program.

You must be over the age of 62 to qualify for most reverse mortgages.

Lately I have read about reverse mortgages available to those over 62 if they live in their own house.

It is also important to consider alternatives to reverse mortgages.

Nearly half of that could be tapped through reverse mortgages.

And you don't have to be pressed for cash to get a reverse mortgage.

"I've known people who sold their house or lost it just because they had no way of knowing about reverse mortgages."

Since then, she has continued to monitor developments in the reverse mortgage industry.

The money received from a reverse mortgage is considered a loan advance.

Those who have reverse mortgages, however, might not be as likely to refinance.

It is important to understand their terms, risks, and costs before you sign a reverse mortgage contract.

As a result, some have turned to reverse mortgages.

A reverse mortgage, however, is not appropriate for individuals concerned about consuming their capital.

The counselor will explain the legal and financial obligations of a reverse mortgage.

Prior to 2007, all major reverse mortgage programs had adjustable interest rates.

Or they could have applied for a reverse mortgage.

"It's like a reverse mortgage, where instead of making house payments, people start receiving income."

"That's why it's necessary that they be made aware of reverse mortgages," he added.

One is to rely on your own savings or a loan, like a reverse mortgage.

In the 1980's and 1990's, financial institutions sometimes took a percentage of the home's equity with reverse mortgages.

The payment options for reverse mortgages can be blended or even changed later.