A reverse mortgage is a loan designed to hep you use the equity in your home. It’s called a reverse mortgage because, unlike a mortgage where you make payments, it pays you. In fact, one of the greatest benefits of a reverse mortgage is that you don’t have to make loan payments for as long as you live in your home.
The specific requirements are that you the home owner are 62 or older, live in your home as a principal residence and not be delinquent on any federal debt, have enough equity to be eligible and meet certain HUD property standards. This is a great option for a senior who desires to remain in their own home.
There are many individuals that we have helped in getting a reverse mortgage when looking at Cedar City homes. Cedar City Utah is a great place to retire and we love helping those who wish to enjoy this great city and retire without having to deal with a bad mortgage that they do not want.
Trackback from refinancing home loans in west virginia on May 2, 2009, 5:02 pm
refinancing home loans in west virginia…
Our Lenders offer a full range of Residential and Commercial mortgage products. Our team of experts have the experience, knowledge and expertise to handle even the most complicated mortgage situations. Any type of Loan!…
Comment from SUSAN on May 29, 2009, 10:39 pm
Glad I stumbled into this article! Finally, got what I was looking for to put on my school report
Comment from Stephen Phillips on March 18, 2009, 12:04 am
Hey very nice blog!! Man .. Beautiful .. Amazing .. I will bookmark your blog and take the feeds also…