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Reverse Mortgage in New Jersey

Many New Jersey residents who are looking for some extra income or to pay off a loan will take advantage of a home equity loan, which allows them to benefit from the value of their home without selling it. However, if you’re over the age of 62, you may be...
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Reverse Mortgage in Florida

Many individuals retire to Florida because of the warm climate and the fact that the state has no income tax and no estate tax. People who live in the state are frequently able to accrue a fair amount of equity in their home, and this can make individuals eligible for...
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Reverse Mortgage in South Carolina

Now that you are retired, you thought that you would be spending more time visiting your grandchildren and traveling. The time is here, and you haven’t been able to do as much traveling as you would like to do because you can’t fit it into your budget. Fortunately,...
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Reverse Mortgage in Alaska

Money is tight now that you are retired, and you wish that you had a little extra money each month to make things a little more comfortable for you and your spouse. If your mortgage is paid in full, there is one great way that you can receive cash every month. You...
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Reverse Mortgage in California

If you live in California and have a large amount of equity in your home, you may be interested in seeking a reverse mortgage. Reverse mortgages allow you to take advantage of the value of your home, but unlike a home equity loan, you don’t have to start paying...
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Reverse Mortgage in Texas

Many Texas residents have a significant amount of equity in their home and would like to take advantage of it without selling their house. While you have the option of a home equity loan, the downside is you have to start paying this loan back immediately. However, if...
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Reverse Mortgage in Wyoming

If you’re a senior living on a fixed income in Wyoming, you may be eligible for a reverse mortgage if you have equity in your home. Reverse mortgages involve a bank paying you or giving you access to a line of credit while you’re in your home, and many...

Reverse Mortgage in West Virginia

The Federal Housing Administration or FHA secures mortgage insurance for lenders who provide mortgages to people in the United States of America and its territories. It also offers a program to seniors that can be very advantageous to them. The FHA’s reverse mortgage...

Reverse Mortgage in Wisconsin

Wisconsin residents who own their own home may be interested in a reverse mortgage. Reverse mortgages are available to individuals who are 62 years or older through the Federal Housing Authority as well as private lenders. These loans allow people to take advantage of...

Reverse Mortgage in Virginia

If you live in Virginia and are on a fixed income, you may want to consider taking advantage of the equity in your home. Individuals who are at least 62 years old can take out either a home equity loan or a reverse mortgage. These loans work on a similar premise,...

Reverse Mortgage in Texas

Many Texas residents have a significant amount of equity in their home and would like to take advantage of it without selling their house. While you have the option of a home equity loan, the downside is you have to start paying this loan back immediately. However, if...

Reverse Mortgages in Washington

Reverse mortgages, which are available throughout Washington, can provide cash to improve the quality of life for many people, but anyone considering this type of financing needs to be fully informed before signing on the dotted line. Ideally, a potential borrower...

Reverse Mortgage in South Dakota

Many South Dakota residents who have a home with equity in it take advantage of reverse mortgages, which allow them to get cash based on the value of their home without having to make loan payments. Reverse mortgages are available to individuals over the age of 62,...

Reverse Mortgages in Tennessee

Like a number of states, Tennessee has a considerable aging population. By 2030, nearly one in four residents of the Volunteer State will be 60 or older. As men and women approach retirement, fixed or limited incomes and unexpected expenses can prove a threatening...

Reverse Mortgage in Vermont

You have just retired, and everything seems to be going smoothly. That is until the day you learn that you need to have your roof replaced. You’re wondering how you are going to be able to do this when you aren’t earning a paycheck anymore, and you aren’t receiving...

Reverse Mortgages in Utah

In today’s economy, many Utah seniors are struggling to make ends meet. They’re struggling due to limited incomes and a higher than expected cost of living. However, a number of these same seniors have a substantial amount of equity available in their homes. With a...

Reverse Mortgage in Rhode Island

If you live in Rhode Island and are looking to take advantage of the equity in your home with a reverse mortgage, you may be interested to know that these loans are available from the government and financial institutions. The same general rules apply to a reverse...

Reverse Mortgages in Oregon

Alarmed by predatory lender practices in the reverse mortgage industry, Oregon’s legislature passed House Bill 2532 in 2015, adding it to state laws governing mortgage lending. The act became operative on January 1, 2016, an emergency measure “necessary for the...

Reverse Mortgage in Oklahoma

Retirement is a great time to get in the RV and take a sightseeing tour around the country. At least, that is what you thought you would be doing now, but your finances are not permitting it. The fact that you have finished paying your mortgage means that you don’t...

Reverse Mortgage in Ohio: What is Home Equity Loan?

Home equity is a financing concept that allows home owners to use the equity of the home as a form of collateral for a loan. When you take out a mortgage loan from a bank, you agree to make monthly payments on that balance. Every payment is recorded by the financial...

Reverse Mortgage in North Dakota

If you live in North Dakota and are over the age of 62, you may be able to take advantage of a reverse mortgage to increase your income or to allow you to pay off a large debt. Many individuals who are older live on limited incomes, which generally consist of social...

Reverse Mortgages in Pennsylvania

The Keystone State has the fourth-largest percentage of mature residents: 21.3 percent, with nearly 2.7 million men and women age 60 or older. By 2020, one out of every four Pennsylvanians will be 60 or older. By 2030, that figure will approach one in three....

Reverse Mortgage in South Carolina

Now that you are retired, you thought that you would be spending more time visiting your grandchildren and traveling. The time is here, and you haven’t been able to do as much traveling as you would like to do because you can’t fit it into your budget. Fortunately,...

Reverse Mortgage in North Carolina

If you’re age 62 or older and looking for a way to convert some of your home equity into cash without paying an extra bill, a reverse mortgage might benefit you. However, there are many aspects of a reverse mortgage that don’t work for everyone....