Reverse Mortgage Calculator Archive

Factors that affect the value of a reverse mortgage loan

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There are different factors that affect the exact amount of money you can be awarded in a reverse mortgage loan. Limitations are put in place so as to ensure that both the interests of the borrowers and those of the lender are put into consideration. It is important to

Disdvantages and negative implications of reverse mortgages

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Reverse have become a financial saver for most seniors who have homes and or 3-4 housing units. This is a special type of a long term loan that has been designed in a way such that it requires the estate’s equity to act as security of the loan. This

Calculating reverse mortgages

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Reverse mortgages are unique financial plans that are extended  to homeowners who are at least 62 years of age and have legal ownership of a home or an estate. This type of mortgages was introduced in order to make it easy for seniors to enjoy their retirement lives by

Negotiating reverse mortgages

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Reverse mortgages are one of the most populous loans not only in the USA but also in other states such as Canada. It is estimated that in the year 2012 alone, a little over 70,000 home owners in USA were granted reverse mortgages all over the country. The best

Problems of reverse mortgages

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Despite the fact that there are numerous benefits and advantages that are associated with reverse mortgages, they also come with a series of disadvantages and problems. However, most people focus on the benefits of these loans and forget to realize the power and negative impact that comes with these

The ease of getting out of a reverse mortgage

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Reverse mortgages are basically financial options and plans that are usually available to home owners who are at least 62 years of age. This type of a mortgage is that it is used to clear debts and other outstanding mortgages on a specific house. This is usually through the

What is the total cost of a reverse mortgage?

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Reverse mortgage have been  in the finance lending sector for quite a long while now, a period of a little over  52 years. This financial option was introduced so as to enable retired seniors to enjoy their retirement age by being financially stable and not having to rely on

Understand reverse mortgages before applying for them

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Home equity adds up to nearly more than 30-40% of the overall net worth of most seniors. As such, this is one of the most important investments that they have to their names that they use as security of reverse mortgages. Using your home’s equity value to apply for

`Benefits and setbacks of reverse mortgages

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There are different advantages and setbacks that come with a reverse mortgage. Reverse mortgages were originally a product of the USA HUD (Department of Housing of Urban Development).These programs were introduced so as to reduce the economic and financial burden that seniors had on those who they relied on.

Rules in a reverse mortgage

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A reverse mortgage loan is a high amount loan that is based on the home’s equity to act as security. However despite the fact that these loans are usually of very high value, there are several limitations that have been put in place in order to ensure that lenders