For senior American residents, getting a reverse mortgage makes it possible for them to stay and keep their own homes for as long as possible.
If you had a reverse mortgage today and kept some of the money in a line of credit (LOC), the growth rate for these funds will also change along with any rate change.
A reverse mortgage specialist can enhance retirement income through a Home Equity Conversion Mortgage that enhances savings and investments.
If you are 62 or older find out how you you can allow the equity in your home to work on your behalf to help you retire better.
Making reverse mortgages more difficult to qualify for has actually caused some financial advisors to look at reverse mortgages in a new light.
There are no fixed loan-to-value ratios with reverse mortgages. The amount a borrower can receive from a reverse mortgage depends upon these three factors.