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Tag: reverse mortgage

Reverse Mortgage 101: Use Your Home to Stay at Home

Reverse Mortgage 101: Use Your Home to Stay at Home

Would your retirement be a lot better if you had extra income coming in? Reverse mortgages also known as HECM (Home Equity Conversion Mortgage) is one of today’s most beneficial loans available for all eligible senior homeowners. Homeowners across the nation are eliminating their monthly mortgage payments with the help of one loan, Reverse mortgage […]

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Life Gets Even Better After Age 62

By on October 15, 2014 in Mortgage Programs
Life Gets Even Better After Age 62

As you reach your senior years, many government programs suddenly become available, such as Medicare or Social Security, but there are other resources too. What is a Reverse Mortgage? A reverse mortgage is a cash payout to the homeowner based on the property’s equity. If you have $50,000 in equity, you may be able to […]

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Beneficial Program Changes for Seniors

By on October 15, 2014 in Mortgage Programs
Beneficial Program Changes for Seniors

There has been some program changes in a reverse mortgage that have made it even more beneficial for its borrowers. Senior Help Line provides senior homeowners with the solution to their financial obligations. Three Basic Changes to Reverse Mortgage: 1) First Year’s Limit – The Department of Housing and Urban Development (HUD) has reestablished a […]

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Debunking Reverse Mortgage Myths

By on September 18, 2014 in Mortgage Programs

Reverse Mortgages are one of the most misunderstood loan programs that the government insures. Even though there are a number of benefits for seniors through a HECM reverse loan, many eligible homeowners are missing out due to the overwhelming myths about the nature of reverse mortgages. While a reverse mortgage is not the only way […]

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