With the baby boom generation aging, the number of seniors age 62 and over is steadily increasing. Over 6,000 people turn 62 each day. This creates an ongoing pool of prospects for reverse mortgages. These well-educated consumers were eligible for a reverse mortgage, which means that they own their home, or have a low mortgage, and are at least 62 years of age. Owners of single-family homes, including townhomes, condominiums, and detached homes are eligible for a reverse mortgage, regardless of their current income. These types of loans are great for people who are looking to turn the value of their home into cash just for living in their house so they are looking for other opportunities to saving money.
Additional Charges: Property Type Age of House @ $15/M Lender Type @ $15/M Lender Name @ $15/M Residence Hill @ $15/M Loan Date @ $15/M Home Equity @ $15/M Purchase Amount @ $15/M Purchase Date @ $15/M
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