 |
Realty Q&A: What to do with a reverse mortgage if you remarry
If a couple takes out a reverse loan, but then one spouse dies and the survivor remarries, it's time to give the lender a call. Even though reverse mortgages are nonrecourse loans, there are reasons to consider refinancing into a new loan. |
 |
Senior Homeowners Save Up to $26,326.47 on Reverse Mortgage Costs
 |
A 62 Year Old Senior with a home valued at $625,000 would save $6,265.23 with the elimination of the servicing fee, $6,000 with the elimination of the origination fee, and now an additional $14,061.24 with the 4% closing cost rebate. This brings the total savings in this scenario to $26,326.47. |
|
Is reverse mortgage for them?
| |
Dear Bruce: We are an elderly couple in our late 60s. My husband is diabetic, and our insurance does not cover much of his medication, which is very costly. To afford his medicine, he wants to take out a reverse mortgage. He is telling me that if he dies, I would be able to stay in our home until I die or want to sell. The home would require upkeep that I am not able to do. I do not think this ... |
|
|
|
| MORE TOP STORIES |
|
| MORE DOMAINS |
|
|
