---

Reverse mortgage

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
donna2967 Joined: 16 Feb 2011 Posts: 2 1.60 Dollars($)	Posted: Wed Feb 16, 2011 3:48 pm    Post subject: Reverse mortgage Like 0 Dislike 0 my husband and I are interested in Reverse mortgage program for age 60 We will both be 60 in June of this year and would like more information on how to proceed and the lenders in our area Rockford, Illinois.At this time we think this will be a good option for us to pay bills and use equity to do home improvements. Thank-you If we could get a phone number to talk to somebody we would appreciate it. Arthur & Donna Carter
brian1 Community Expert Joined: 14 Jun 2008 Posts: 448 Location: Northern California 15.61 Dollars($)	Posted: Wed Feb 16, 2011 6:44 pm    Post subject: Like 0 Dislike 0 First you will have to wait - the minimum age requirement is 62 - Reverse mortgages offer a few different options - I will simplify 1) Monthly Payments until death 2) Line of credit to be used when you want until the money runs out 3) a lump sum It really depends on how much equity you have - You will need at least 50% in most cases - The younger you are the more equity - less cash they will give you - it is all based on a calculation of equity/age B _________________ Licensed Broker 50 states http://www.aimwithfocus.com Live Chat available Need quick advise email or PM Glad to help Pre-approvals www.applyonlinesecure.com

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0