Oct 31, 2016 ... All potential borrowers ask "when should I get a reverse mortgage? ... everyone struggles with is when is the best time to get a reverse mortgage. ... Reverse mortgage lines of credit grow every year after you establish them.
Two seniors explain why they got a reverse mortgage. ... Every time we went to get groceries, we had to bring them up the 15 steps and ... It's the perfect tool.".
Jun 11, 2017 ... Reverse mortgages have gotten simpler and safer in recent years and might be a good option for some older homeowners who need financial backup. ... I refinanced four times to get the rate down from 11% to 3.5%.
Jun 16, 2017 ... “But that doesn't make a reverse mortgage a good option for everyone.” .... the potential drawbacks and if and how you'll overcome them.
Dec 3, 2014 ... We're thinking of taking a reverse mortgage at retirement. How does this work, how much could we get, and is it even a good idea? —Larry ...
Aug 23, 2017 ... It's usually a good idea to discuss important financial decisions with friends, ... If you take out a reverse mortgage loan and then have trouble paying ... makes more sense if you plan to live in your current home for a long time.
Oct 14, 2012 ... Regulators are noting new abuses tied to reverse mortgages, which let people ... to help seniors stay in their homes are in many cases pushing them out. .... and over time the total debt owed can far surpass the original loan.
A reverse mortgage can help older homeowners supplement their income by converting ... Best of. Best lenders for first-time buyersBest online lendersBest FHA ... Line of credit: Unspecified payments when you need them, until you've ... For fixed-rate mortgages, you'll get a one-time lump sum after you close on your loan.
Jan 25, 2017 ... (Learn more from Picking The Right Reverse Mortgage Lender.) ... If none of them can provide the liquidity or the large up-front sum you need, you're ... thousands of dollars on a loan you're not going to keep for a long time.