Frequently Asked Questions
Find the most frequently asked questions below:
01How to choose the best reverse mortgage loan?
Choosing the best reverse mortgage for seniors depends on a lot of factors. The first one has to be type of a reverse mortgage loan to pick. A HECM, proprietary reverse mortgage, HECM for purchase, or a single-purpose reverse mortgage. On deciding the type of mortgage, you will have to factor in the cost of these loans and then map out the addition
02What are the benefits of a reverse mortgage loan?
A reverse mortgage for seniors essentially helps the senior to keep their home equity as well a maintain their lifestyle without compromises on many fronts. Apart from having access to cash through their home equity, they also dont have to pay any monthly mortgage payments and can maintain ownership of their home without giving up social security o