by Theo Misaresh | Jul 4, 2019
Yes. Many conservative clients choose to continue to make their mortgage payments even though they are not required. You may make all, half, or even a fraction of your payments in an effort to keep the loan balance from increasing.
by Theo Misaresh | Jul 4, 2019
No. A reverse mortgage is a non-recourse loan, or a loan which requires no repayment. This is why it is referred to as a reverse mortgage. Instead of making payments in an effort to repay a loan like most conventional loans, the reverse mortgage pays you, and the loan...
by Theo Misaresh | Jul 4, 2019
On average, a reverse mortgage will take 30-45 days to close.
by Theo Misaresh | Jul 4, 2019
A reverse mortgage is a financial tool which allows seniors to convert the equity in their homes into cash in their hands. Depending on age, and equity specifics, a reverse mortgage works based on the concept of relinquishing one’s equity to the bank in return for...
