£92.37

Reverse Mortgages Elements, Considerations & Market Developments

Mortgages

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Description

Gain a comprehensive understanding of home equity solutions with Reverse Mortgages Elements, Considerations & Market Developments. This resource explores the fundamental aspects of reverse mortgages, a specialized type of home loan designed for older homeowners. By converting home equity into accessible cash, seniors can better manage their retirement expenses. This text covers how these loans function, allowing borrowers to access built-up equity without making monthly mortgage payments. It explains the responsibilities of the homeowner, such as maintaining property taxes and homeowner's insurance, while detailing how loan payments are deferred until the borrower dies, sells, or moves out of the residence. Whether you are looking for an income stream for everyday expenses or exploring a line of credit, this book provides the necessary context regarding housing issues, laws, and programs to help navigate the market developments in this financial sector.

Key Features

Learn how to convert home equity into liquid cash to help meet various retirement expenses and financial needs.

Understand the mechanics of deferring loan payments until the borrower dies, sells the home, or moves out.

Explore different ways to receive funds, including an income stream for everyday expenses or a line of credit.

Gain clarity on homeowner responsibilities, including the ongoing requirements for property taxes and homeowner's insurance.

Stay informed on the latest market developments, housing issues, and relevant laws and programs affecting reverse mortgages.

Product Specifications

Format: hardcover
ASIN: 1622579658
Category: Books > Subjects > Business, Finance & Law > Personal Finance > Mortgages
Domain: Amazon UK
Release Date: 01 March 2013
Listed Since: 08 September 2012

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Reverse Mortgages Elements, Considerations & Market Developments

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