Generally, to be qualified for a reverse mortgage loan, the youngest homeowner has to be 62 years of age or older and have adequate home equity. Also, you have to meet financial eligibility guidelines as set up by HUD. Deciding whether there’s adequate equity in the...
There are many different reasons why HECM or Home Equity Conversion Mortgages, sometimes called reverse mortgages, are a great financial tool for seniors. Of course, as with any borrowing option, they aren't right for everyone at every time of life. Understanding the...
The average small business owner has plenty to worry about. There are the day-to-day operations to oversee, employee concerns, the need to keep clients happy and expenses that always seem to be increasing. One thing that they should not have to concern themselves with...
Let’s face it – researching different mortgages and sifting through different loan rates to find the best deal can be tough. The market isn’t always as transparent and easy to navigate as you think it is. When it comes to reverse mortgages, HECM – Home Equity...
There may come a time in someone's life when they need access to more cash than they currently have on hand. When this happens to someone who lives paycheck to paycheck, one of the best options available is to take a personal loan from a bank. These personal loans can...