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You are here: Home / Archives for Equity

How A Reverse Mortgage Can Help With Long-Term Care

January 16, 2020 by Patrick Jones

Anyone who has paid attention to the TV recently has likely seen a lot of commercials for something called a reverse mortgage. For those who might not know, a reverse mortgage is exactly that. In this option, people receive monthly payments from a lender in exchange for equity in their homes. In essence, this functions as an annuity.

Filed Under: Mortgage Tagged With: Equity, Financing Options, Mortgage

3 Positive Reasons To Get A 15-Year Mortgage

November 6, 2019 by Patrick Jones

Most people can't pay for a home outright, so they finance it with a mortgage loan. 30-year mortgages are more conventional, but they also come with a significant interest price tag.

Filed Under: Mortgage Tagged With: Equity, Mortgage, Savings

What Is A Reverse Mortgage?

June 12, 2019 by Patrick Jones

A reverse mortgage is a way to use the equity value that built up in a home to improve the quality of life for those who have appropriate circumstances when they reach the retirement age of 62 or older. With a reverse mortgage, a person continues to live in their own home and retains the title to it but does not have to make any monthly reverse mortgage payments.

Filed Under: Mortgage Tagged With: Equity, Financing, Mortgage

Is Now a Good Time to Cash Out Your Home Equity?

March 12, 2019 by Patrick Jones

For many Americans, their home is their primary investment. The equity stored in your residence can be a source of available cash for home repairs, upgrades, or for financing the purchase of investment properties. However, few homeowners really understand the process that results in home equity.

Filed Under: Mortgage Tagged With: Equity, Mortgage, Refinance

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