Erik Leist

Who Can Get a Reverse Mortgage?

In 2021, 49,207 borrowers entered into reverse mortgages, an increase from the previous year. Reverse mortgages are becoming more popular for homeowners who want to make use of home equity, but not everyone is eligible. If you're in need of funds, then you may want to...

What Is Home Equity?

The average price of a house in the US is $428,700 in 2022. Owning a home offers a range of benefits, and one of those is establishing equity. While paying off a mortgage, you slowly gain full ownership of the property. This equity can increase your net worth, and you...

How to Get a Reverse Mortgage

Are you nearing retirement and curious about what a reverse mortgage is? Ready to tap into your home equity? A reverse mortgage could be a great way to do it! This type of loan allows you to borrow against the value of your home, and there are a variety of ways to use...

The Benefits of a Reverse Mortgage

Wondering if a reverse mortgage is the right option for you? More people opted for a reverse mortgage in 2022 than ever before and this article will explain some reasons why. One of the biggest benefits of a reverse mortgage is that they allow you to turn your home's...

How to Calculate a Reverse Mortgage

As time passes, one’s financial priorities inevitably shift. Retirees are often left with two choices: sell their home or be stuck trying to pay off the mortgage. To help avoid these difficulties, it's essential to explore all financing options. You may be surprised...

What Is a Reverse Mortgage and How Does It Work?

Reverse mortgages are becoming an increasingly popular way to tap into your home’s equity. In fact, in 2021, reports showed that a national reverse mortgage lenders association saw a 34% year-over-year increase in interest in these types of loans. What's driving this...

Popular Posts

Who Can Get a Reverse Mortgage?

Who Can Get a Reverse Mortgage?

In 2021, 49,207 borrowers entered into reverse mortgages, an increase from the previous year. Reverse mortgages are becoming more popular for homeowners who want to make use of home equity, but not everyone is eligible. If you're in need of funds, then you may want to...

What Is Home Equity?

What Is Home Equity?

The average price of a house in the US is $428,700 in 2022. Owning a home offers a range of benefits, and one of those is establishing equity. While paying off a mortgage, you slowly gain full ownership of the property. This equity can increase your net worth, and you...

How to Get a Reverse Mortgage

How to Get a Reverse Mortgage

Are you nearing retirement and curious about what a reverse mortgage is? Ready to tap into your home equity? A reverse mortgage could be a great way to do it! This type of loan allows you to borrow against the value of your home, and there are a variety of ways to use...

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