find mortgage and refinancing information Akron Ohio

Channel:

We would like to thank the local libraries, schools, and universities for recommending students to visit us when doing research on any of our information topics.
 Please check back frequently as new topics are added and current topics are updated daily.

 

Reverse Mortgages: When Is One Right For You?


How do you know if a reverse mortgage is right for you? The answer depends on your current financial situation of course.

But other factors such as your medical condition and lifestyle are important in determining whether or not a reverse mortgage is your best choice compared to a home equity loan, a line of credit, or just selling your home.

A reverse mortgage might be worth your consideration in many situations. Some of the common reasons you might get a reverse mortgage loan are if:

  • You have a small first mortgage
  • You own your home free and clear with no debt
  • You need regular income to live on and your home is you major asset
  • You want to stay in your home and have no intention of leaving it
  • Other housing options are unaffordable or not appealing to you
  • You want to be able to take care of major medical expense
  • You want to be able to do home repairs, travel, or help your children
  • You don't plan on leaving your home to your heirs through inheritance
  • You want to relax by knowing that your financial needs are taken care of

A reverse mortgage is not for everyone. You may want to avoid a reverse mortgage if you answer "no" to any of the following questions:

  • Will you be able to enjoy the money from a reverse mortgage knowing that the debt on your home is rising and your home equity is falling?
  • Can you continue to pay for property taxes, home insurance, and any home maintenance which will still be required as part of your loan agreement?
  • Can you handle financial burdens if your home equity is partially or completely used up?
  • Do the advantages of owning your home outweigh the disadvantages now and in the future?
  • If you do not get a reverse mortgage do you know what your other options are?
  • Do you understand clearly the terms of your reverse mortgage and the costs involved in obtaining a reverse mortgage loan?

As you can see, there are a number of factors to consider and questions to ask before you can determine whether or not a reverse mortgage is right for you.

Allen Daniels offers a Free Online Video about Reverse Mortgages that shows you How to Cash in With Reverse Mortgages. You can view the video at http://www.ReverseMortgageTips.com/


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Tue. September / 22 / 2020




























CardMatch™ | Bankrate  Bankrate.com









































































used office furnishings-supplies-equipment-desks-cubicles-service-counters for sale in Akron Ohio   Die cast model cars for sale in Akron Ohio  
used cars for sale in Akron Ohio   unfurnished homes for rent in Akron Ohio

Click here to
OfficeJax free ad space available here

Find used office equipment in Ohio at www.OfficeJax.Has.It

Find the best fleamarkets at www.FleaMarketWorld.Has.It

www.Akron.Has.It

Find electric powered vehicles at www.NoGas.Drives.It

Akron City directory

Free Automatic Link Exchange

Flea Market World

Find homes for rent
in Akron Ohio
www.homes4rent.has.it

iphone-4-less below wholesale prices

 

Place your AD here. Click here for more details.

Click above to place your AD here

[Back to Top]

Ohio RealEstate

auction news and listings for Akron, Ohio

Akron crafts and hobby news center

best home remedies and do it yourself tips

Akron currency trading

Akron Ohio pet news

Advertising and promotions Akron, Ohio

The Akron blogging news center

Akron Ohio web site design news

Akron Mortgaging and refinancing

Web site design tips

 

HOME | SITE MAP

© 2012 - 2020 All Rights Reserved
Increase pagerank with HitsSurfer

free page rank checker and seo evaluation tools 

first second ARM compare rates find the best rates current in your area lenders read reviews calculator adjustable rate loan home lenders brokers quotes florida houston gmac washington interest only 2nd software debt consolidation reverse senior equity texas maryland options lending bad credit  option one ameriquest chase first banks emc residential california miami dallas est branch marketing home company commercial yahoo online bad credit low credit no credit