subject: Make Your Home Work For You With A Reverse Mortgage [print this page] If you are like most homeowners, you have probably put a lot of money and hard work into your home. Luckily, these investments do not have to be in vain. With a reverse mortgage, you can make your home work for you.
A reverse mortgage is a unique financial product that allows homeowners to spend the money from their homes equity while still living in it. It is called a reverse mortgage because when a homeowner gets a reverse mortgage, the bank actually sends them a payment every month. In some cases, this payment can be a lump sum every month, but in other cases, it can be a line of credit that the homeowner can access as necessary. A reverse mortgage can even be a combination of monthly payments and a line of credit.
Not every homeowner is eligible for a reverse mortgage. In order to qualify for this exciting program, homeowners must be a certain age, and they must have a certain amount of equity in their home. While the homeowner is spending their reverse mortgage, they get to continue living in the house. If the homeowner dies or needs to move to a care facility while the bank still owes them money on the home, that money will go to the homeowners heirs. While the homeowner is still living in the home, they are responsible for making repairs and paying their taxes.
A reverse mortgage is the best financial choice for many homeowners, but the application process can be daunting. At CreditNowUSA, we work hard to make the application process as easy as possible. In addition, we also offer a wide range of educational resources so that all of our clients understand every aspect of getting a reverse mortgage.
If you have spent your whole life working on your home, now is the time to make your home work for you. When you apply for a reverse mortgage through CreditNowUSA, you start a journey that will end with more cash in your pocket.
For more information, go to Reverse Mortgage at http://www.creditnowusa.com/Reverse-Mortgage
