Reverse mortgage (Real Estate - Mortgage Brokers)
USNetAds > Real Estate > Mortgage Brokers
Item ID 132650718 in Category: Real Estate - Mortgage Brokers
Reverse mortgage | |
Reverse Mortgage Repayment Options Sale of the Home: When the borrower decides to sell the home, the reverse mortgage loan must be repaid. The proceeds from the sale are used to pay off reverse mortgage balance, and any remaining funds go to the homeowner or their estate. Refinance Reverse Mortgage In some cases, homeowners may choose to refinance reverse mortgage into a new loan with better terms or lower interest rates. This can help reduce the overall loan balance and potentially increase the amount of equity retained. Using Other Sources of Funds: Homeowners also have the option to pay off reverse mortgage using other sources of funds such as personal savings, investments, or financial assistance from family members. This approach can help preserve the home equity for future use or inheritance. https://standardlenders.com/demystifying-reverse-mortgage-repayment-pay-off-and-strategies/  | |
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| Target State: California Target City : Sherman Oaks Last Update : Jul 31, 2023 4:08 PM Number of Views: 111 | Item Owner : David Kay Contact Email: Contact Phone: +18883476252 |
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2024-05-18 (0.388 sec)