Episode Synopsis "The Reverse Planet Episode 007"

This episode deals with the question, Can you outlive your Reverse Mortgage?Many homeowners have found that a reverse mortgage loan is a great way for them to take advantage of the equity they have built up in their homes.A reverse mortgage loan is different than a traditional mortgage. With a traditional mortgage loan, you make monthly mortgage payments, but with a reverse mortgage loan, the lender pays you money through monthly installments, a one-time lump sum payment, a line of credit, or a combination of a line of credit and monthly installments. The money that you receive is dependent on your age, the value of your home, and the current interest rate.One of the great advantages of a reverse mortgage loan is that you are not required to pay the loan back until the home is no longer your primary residence or you fail to maintain the home or fail to pay property taxes and/or homeowner's insurance or do not otherwise comply with the terms of the loan. For more information on when a reverse mortgage loan comes due click the following link: What about Repaying a Reverse Mortgage Loan. If you’re aged 62 or older and own your home you might be eligible for a reverse mortgage loan. Contact us to find out more about reverse mortgage loans and ways to make it work for you, or apply now and start the process of tapping the equity in your home. Hosted on Acast. See acast.com/privacy for more information.

Listen "The Reverse Planet Episode 007"

More episodes of the podcast The Reverse Planet

• The Reverse Planet Episode 020
• The Reverse Planet Episode 019
• The Reverse Planet Episode 018
• The Reverse Planet Episode 017
• The Reverse Planet Episode 016
• The Reverse Planet Episode 015
• The Reverse Planet Episode 014
• The Reverse Planet Episode 013
• The Reverse Planet Episode 012
• The Reverse Planet Episode 011
• The Reverse Planet Episode 010
• The Reverse Planet Episode 009
• The Reverse Planet Episode 008
• The Reverse Planet Episode 007
• The Reverse Planet Episode 006
• The Reverse Planet Episode 005
• The Reverse Planet Episode 004
• The Reverse Planet Episode 003
• The Reverse Planet Episode 002
• The Reverse Planet Episode 001