All Posts in reverse mortgage

“No closing costs loans” explained

May 9, 2011

  Did you know that one of the popular loans right now is the 30 year fixed “no closing costs loan“. Some lenders want you to think it’s a magic trick. Today I’m going to reveal to you how it’s done. Here’s how it works. The loans come at a slightly higher interest rate and [...]

Information You Should Know Before Applying for a Reverse Mortgage

April 25, 2011

Reverse mortgages are beginning to skyrocket as seniors are realizing the need for extra cash for various expenses. The money gained from reverse mortgages is often used for medical expenses, necessary home repairs, or even as a supplement to social security. Reverse mortgages can give seniors the opportunity to extract much needed money out of [...]

Reverse Mortgage vs. HELOC – Which one should you choose?

April 16, 2011

Reverse Mortgage vs. HELOC – Which one Should you Choose? Baby boomers are entering their senior years and because of the recent economic downturn, many are looking for options to generate some cash. If you looking into getting a mortgage,   before you sign on the dotted line, you should understand the options available to you. [...]