by Theo Misaresh | Jul 4, 2019
The main factors in cash received are your age, and equity. As a general rule, as both age and equity increase so does the amount of cash received.
by Theo Misaresh | Jul 4, 2019
Cash received from a reverse mortgage varies greatly. Some clients qualify simply for the elimination of their mortgage payments, while others receive over $400,000. The average client receives close to $130,000, plus the life-long benefit of no mortgage...
by Theo Misaresh | Jul 4, 2019
Yes. Cash received from a reverse mortgage is simply “icing on the cake.” The main motivation for many qualified seniors is for the guaranteed elimination of their mortgage payments for the rest of their life.
by Theo Misaresh | Jul 4, 2019
No! This is one of the biggest myths of the reverse mortgage product. Even if you live to 125 years of age, the bank can never take the home from you. As long as property taxes, insurance and necessary maintenance repairs are made, the loan will only come due after...
by Theo Misaresh | Jul 4, 2019
Yes. A reverse mortgage has no effect on the ownership of your home. After a reverse mortgage you will maintain title to your home.
