Download or read book Guide to Reverse Mortgages Discover How to Get a Senior s Mortgage Without Ever Having to Make Monthly Payments written by Grantian Network and published by Grantian Network Inc. This book was released on 2011-01-26 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Complete Guide to Reverse Mortgages written by Tammy Kraemer and published by Simon and Schuster. This book was released on 2007-08-01 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Get the most from your home! 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 • Giving up your title • Taking 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 Tammy Kraemer and Tyler Kraemer leading the way, you will learn the step-by-step process to getting a reverse mortgage and making the best of your retirement!
Download or read book Reverse Mortgages For Dummies written by Sarah Glendon Lyons and published by John Wiley & Sons. This book was released on 2011-01-11 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: For seniors who live on a fixed income, owning a home—and keeping it—can be financially challenging. Rather than face the choice of selling your home and moving or becoming a home-owning pauper, reverse mortgage products let seniors convert part of their equity into tax-free income that can be used for anything—even mortgage payments, living expenses, or medical costs. Reverse Mortgages For Dummies covers all the basics of reverse mortgage products so you and your adult children can understand and take full advantage of these handy loans—and keep the home you love. Covering a full range of reverse mortgage options and topics, you’ll discover how to: Decide if a reverse mortgage is right for you Shop for the best reverse mortgage products Find out if your home is eligible Find a counselor who can help you Written by Sarah Lyons, an Assistant Editor at Mortgage Originator magazine, and John Lucas, an experienced reverse mortgage specialist, Reverse Mortgages For Dummies explains these helpful loan products in simple, easy-to-understand language free of all the jargon. Once you understand how reverse mortgages differ from other loans—and what you could do with your reverse mortgage—the book covers the specifics you need to find the right loan for you, including: Special advice for adult children helping their senior parents secure a loan How to get a reverse mortgage and keep your second home legally Property requirements and financing fees Selecting among a multitude of lenders Spending and estimating leftover equity Sharing the decision-making process with family and loved ones If you’re a senior wondering whether a reverse mortgage can help you keep your home, this book gives you the information you need to make smart, informed decisions that are vital to you, and your family’s, security. Reverse Mortgages For Dummies will help you keep your home and live the life you want.
Download or read book Your New Retirement Nest Egg written by Ken Scholen and published by N C H E Press. This book was released on 1996 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Reverse" mortgages turn every home into a new source of RETIREMENT INCOME, without having to sell or make monthly loan payments. This "ideal study book rates a ten"--(SF Examiner) & "guides homeowners through the reverse mortgage maze"--(Minneapolis Star Tribune). It's "an easily understood nuts & bolts guide"--(N.Y. Times) that's "clearly written"--(Library Journal). It compares all the newest varieties of REVERSE MORTGAGES: how much cash you can get, what it really costs, what to look out for. By "The LEADING AUTHORITY on reverse mortgages"--(L.A. Times). Practical STUDY GUIDE for retirees & pre-retirees. Also of interest to attorneys, accountants, financial planners, care managers, senior service providers & adult children of aging parents. A basic reference & directory, with 58 tables, locations, phone numbers. Includes Glossary, Bibliography, Index, Appendixes. Order from: Baker & Taylor, Brodart, The Bookmen, Blackwell, or directly from NCHEC Press, Suite 115, 7373 147th St., W., Apple Valley, MN 55124; Telephone 612-953-4474.
Download or read book The Reverse Mortgage Revealed written by Mike Roberts and published by . This book was released on 2020-05-30 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Updated for 2021! The reverse mortgage is a fantastic financial tool, but it's not the perfect solution for everybody. Is it right (or wrong) for you? Author Mike Roberts is the founder of MyHECM.com and a successful veteran of the reverse mortgage industry. Writing in plain language, Roberts cuts through all the nonsense, rumors, and hype you may have heard about reverse mortgages. There are no sales pitches here! You'll get the inside scoop about how a reverse mortgage really works. Well-written and packed with insider info and insights The Reverse Mortgage Revealed is well-written, easy to understand, and jam packed with information and insights that only an experienced industry professional can offer. You'll discover: How a reverse mortgage really works. Who should (and shouldn't) get a reverse mortgage. Common myths and misconceptions. Little-known insider tips and tricks the lenders don't tell you (and you probably won't learn anywhere else). How to increase your payout and reduce closing costs (this alone is worth the cost of the book). What payout options are available and how they work. What pitfalls to avoid. Why some applicants get approved and some don't. How to finance a home purchase without a mortgage payment (yes, this is for real!). What to expect during the application, approval, and closing process. This book also includes detailed case studies based on real-life scenarios that tie key concepts and terms together. You'll see for yourself how a reverse mortgage can be used to live a more enjoyable and financially secure retirement. Grab your copy now! You've found the reverse mortgage book you're looking for! Grab your copy now and get the inside scoop on how a reverse mortgage really works. About the author Mike Roberts is a blogger, author, and veteran of the reverse mortgage industry. Roberts is also the founder of MyHECM.com, a leading online resource for seniors, their families, and their advisers to learn about the reverse mortgage. Roberts has over a decade of mortgage lending experience and has helped hundreds of seniors get reverse mortgages. P.S. Still not sure this is the reverse mortgage book for you? Click the cover image at left and read an excerpt of the book for yourself. You'll see that it's well-written, high quality, and full of fantastic insider information.
Download or read book The New Reverse Mortgage Formula written by Tom Kelly and published by . This book was released on 2006 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn how seniors can stay in their home with no mortgage payments.
Download or read book Home Equity Conversion Mortgages written by United States. Department of Housing and Urban Development and published by . This book was released on 1994 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Complete Idiot s Guide to Social Security written by Lita Epstein and published by Penguin. This book was released on 2002 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents a history of Society Security in the United States and covers the basics of collecting retirement benefits, disability benefits, Medicare, medigap, and privatization of Social Security.
Download or read book Report on Reverse Mortgages written by Canadian Centre for Elder Law Studies and published by . This book was released on 2006 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reverse Mortgages Made Simple written by Rick Foxx and published by . This book was released on 2020-09-22 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Author Rick Foxx, a 25 year Mortgage Industry veteran, explains the inside info on the New Reverse Mortgage! Your guide to the NEW Reverse Mortgage and Retirement Security - Shattering the Myths, Misconceptions and and Confusion about Reverse Mortgages! "If you look at it as a mortgage with Optional payments, and no risk of foreclosure(as long as you pay taxes and insurance), then it will make sense very easily. A homeowner who is 62 or older and has considerable home equity can borrow against the value of their home and receive funds as a lump sum, fixed monthly payment or line of credit. Unlike a forward mortgage-the type typically used to buy a home-a reverse mortgage doesn't require the homeowner to make any loan payments. But you CAN make payments towards the balance at any time, and pay it off at any time. It's just optional whether you ever want to make a payment! Learn about the benefits of the Reverse Mortgage, and how the New Reverse Mortgage works: 1)NO monthly mortgage payments, your home is making the payments for you! (but you can pay if you want, if you want to keep a large credit line in reserve for future needs such as Healthcare, in-home care, or just going on a round-the-world cruise, it's your money to use as you please) 2)Requires taxes and insurance to be paid, or the bank can foreclose, exactly the same as a "regular" mortgage 3)Your credit really doesn't matter ! All that is required is you have been paying your taxes and insurance on-time, and that's about it! Even if not, we can very likely STILL get you approved!(It's better if you've been paying on your existing mortgage, if you have one, but if not a deal-breaker, remember our example at the beginning of this book - Mr. Williams was in foreclosure and he got his Reverse Mortgage just fine. It required the lender set up an escrow account so there was enough for taxes and insurance for the next 5 years or so.) 4)Your income hardly matters AT ALL! Only need enough to cover taxes and insurance, and a small amount for maintaining the home. Your Social Security income is probably plenty to qualify, so no worries!5)If your home value goes down, NOTHING HAPPENS! Your Line of Credit will actually continue to grow at the same rate as your interest rate, plus the FHA-mortgage insurance . So if you take out a Reverse Mortgage when values are high(like right now, in September 2020), if values go down, your Line of Credit remains locked-in to the high appraised value"This is information ANYONE considering a Reverse Mortgage should have, in order to make an informed, confident decision.
Download or read book Reverse Mortgages for Senior Homeowners written by Bob LaFay and published by Dearborn Trade Publishing. This book was released on 2003 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reverse Mortgages written by David Alexander Bridewell and published by Senior Lawyers Section. This book was released on 1997 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Reverse Mortgage Handbook written by Tara E. Ballman and published by Jawbone Publishing Corporation. This book was released on 2004 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Reverse Mortgage Handbook provides detailed information and examples to assist in a comprehensive understanding of three popular reverse mortgage products: HUD's Home Equity Conversion Mortgage, Fannie Mae's Home Keeper Mortgage, and Financial Freedom's Cash Account.The Reverse Mortgage Handbook includes terminology and the process related to reverse mortgages. This book focuses on: available products, eligibility requirements, fund disbursement options, consumer safeguards, and related costs.
Download or read book Reverse Mortgage written by Zander Cole and published by Independently Published. This book was released on 2023-11-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlock Your Home Equity TODAY for the Retirement of Your Dreams! Do you find yourself asking: What if I could tap into my home equity for extra retirement income...rent and mortgage free? How much cash could I get from my house without having to move? Are reverse mortgages as risky as people say or a retirement game-changer? If so, this comprehensive guide is for you! In this Reverse Mortgage Handbook, Zander Cole cuts through the confusion, myths, and jargon to help you determine if converting your home equity into an income stream is the right move. With insider tips and strategies, you'll discover: ✓ The different types of reverse mortgages and how to pick the best one ✓ Creative ways to maximize your lendable home equity ✓ How to qualify and calculate your potential "cash-out" amount ✓ The pros and cons of lump sum payouts vs. monthly income ✓ Ways to involve your heirs and plan your estate ✓ Pitfalls to avoid and scenarios when a reverse mortgage shines ✓ Alternatives beyond traditional reverse mortgages ✓ Pages of Worksheets and calculators ✓ And much, much more! GET YOUR COPY NOW !
Download or read book The Pocket Idiot s Guide to Reverse Mortgages written by Jennifer A. Pokorny and published by Alpha Books. This book was released on 2005 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are they? How do they work? What do they do? There are more than 100,000 active reverse mortgages in the U.S. today, and the number is growing. If Social Security benefits are excluded, about half of all senior citizens would fall below the poverty line based on their income, and for many people over 65, much of their wealth is concentrated in their home equity. As health care costs rise, many people are turning to reverse mortgages for supplemental income. This book outlines, informs, counsels, and lays out the facts on reverse mortgages. -Anticipation of Social Security problems is increasing the popularity of reverse mortgages -More people are expected to turn to reverse mortgages to supplement their income -The Consumers Union of U.S. Inc. says that AARP, HUD, Fannie Mae, and the reverse mortgage industry all agree on the importance of high-quality reverse mortgage counseling and information
Download or read book Mortgage Banking written by and published by . This book was released on 2007 with total page 1364 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Encyclopedia of Finance written by Cheng-Few Lee and published by Springer Science & Business Media. This book was released on 2006-07-27 with total page 861 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a major new reference work covering all aspects of finance. Coverage includes finance (financial management, security analysis, portfolio management, financial markets and instruments, insurance, real estate, options and futures, international finance) and statistical applications in finance (applications in portfolio analysis, option pricing models and financial research). The project is designed to attract both an academic and professional market. It also has an international approach to ensure its maximum appeal. The Editors' wish is that the readers will find the encyclopedia to be an invaluable resource.
