Navigating the world of mortgages and debt consolidation can be tricky, and you may find yourself in a situation where you need help. However, having the correct information and guidance can make things considerably easier.
Seniors on a pension or fixed income have a very hard time qualifying for a traditional mortgage or line of credit. A Reverse Mortgage is an equity-based lending program that allows seniors over the age of fifty-five to access their equity without the burden of monthly payments that would normally be required on a traditional mortgage or line of credit. This financing solution lets retirees tap their homes for whatever cash they need in their later years.