For seniors who live on a fixed income, owning a homeaand keeping itacan be financially challenging. Rather than face the choice of selling your home and moving or becoming a home-owning pauper, reverse mortgage products let seniors convert part of their equity into tax-free income that can be used for anythingaeven mortgage payments, living expenses, or medical costs. Reverse Mortgages For Dummies covers all the basics of reverse mortgage products so you and your adult children can understand and take full advantage of these handy loansaand keep the home you love. Covering a full range of reverse mortgage options and topics, youall discover how to: Decide if a reverse mortgage is right for you Shop for the best reverse mortgage products Find out if your home is eligible Find a counselor who can help you Written by Sarah Lyons, an Assistant Editor at Mortgage Originator magazine, and John Lucas, an experienced reverse mortgage specialist, Reverse Mortgages For Dummies explains these helpful loan products in simple, easy-to-understand language free of all the jargon. Once you understand how reverse mortgages differ from other loansaand what you could do with your reverse mortgageathe book covers the specifics you need to find the right loan for you, including: Special advice for adult children helping their senior parents secure a loan How to get a reverse mortgage and keep your second home legally Property requirements and financing fees Selecting among a multitude of lenders Spending and estimating leftover equity Sharing the decision-making process with family and loved ones If youare a senior wondering whether a reverse mortgage can help you keep your home, this book gives you the information you need to make smart, informed decisions that are vital to you, and your familyas, security. Reverse Mortgages For Dummies will help you keep your home and live the life you want.See Home Equity Conversion Mortgage hecmresources.org (Web site), 123 heirs . See also inheritance discussing inheritance with other heirs, 208a209 loan repayment ... See Home Equity Line of Credit home appraisal, 153a161 Indexanbsp;...
|Title||:||Reverse Mortgages For Dummies|
|Author||:||Sarah Glendon Lyons, John E. Lucas|
|Publisher||:||John Wiley & Sons - 2011-01-11|