The Complete Guide to Reverse Mortgages

The Complete Guide to Reverse Mortgages

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Until recently, there were only two main ways you could get cash from your home: sell it or borrow against it and make monthly loan repayments. Reverse mortgages offer a third way of getting money from your home. If you are a homeowner, age 62 and older, you are eligible to apply for a reverse mortgage loan that converts your home equity into a tax-free income. With The Complete Guide to Reverse Mortgages, you'll learn all you need to know to earn the supplemental income you need, without worrying about:Having to sell your home; Give up your title; Or take on a new monthly mortgage payment. This invaluable guide explains everything you need to know about reverse mortgages and how to use them to your advantage. With practicing attorneys Tyler Kraemer and Tammy Kraemer leading the way, you will learn the step-by-step process to getting a reverse mortgage and making the best of your retirement!Home Equity Line of Credit If you have enough income to qualify for a home equity line of credit (HELOC), you may want to ... costs than does a reverse mortgage, the interest rate risk is higher because there are normally no adjustment caps.

Title:The Complete Guide to Reverse Mortgages
Author: Tyler Kraemer, Tammy Kraemer
Publisher:Adams Media - 2007-08-01

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