by Integr1ty-REV | Sep 12, 2023 | Uncategorized
Reverse mortgage borrowers who are taking advantage of the product’s standby line of credit feature could actually see a benefit from higher interest rates, since they often have a growth rate tied to interest rates in the case of the Home Equity Conversion Mortgage...
by Integr1ty-REV | Aug 30, 2023 | Uncategorized
Inheriting a house can offer a variety of choices in making use of a valuable asset. For example, you can sell the home and collect the resulting cash as a windfall, use the property for rental income, or live in the house and potentially reduce your overall living...
by Integr1ty-REV | Jun 5, 2023 | Uncategorized
Though many believe it’s impossible to walk away from a reverse mortgage, the opposite is true. The terms of a reverse mortgage do not prevent borrowers from paying off the mortgage early or selling the home. Here are three common ways that borrowers exit reverse...
by Integr1ty-REV | Jun 5, 2023 | Uncategorized
MYTH: Everyone says this is a “loan of last resort”FACT: While a reverse mortgage can be a key resource during emergencies and times of need, borrowers are increasingly using their home equity as a means to unlock more possibilities in their later years,...
by Integr1ty-REV | Jun 5, 2023 | Uncategorized
Uncover the truths about home equity that can help you meet your needs today and in the future without repaying the loan monthly. Truth #1: You still own your home and are free to sell it anytime. Truth #2: Your heirs aren’t responsible for debt if your house...
