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The New Reverse Mortgage Formula

How to Convert Home Equity into Tax-Free Income

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The New Reverse Mortgage Formula explains reverse mortgages in easy language so seniors and their family members can fully understand and benefit from these useful loan products. Reverse loans allow seniors to convert part of their home equity into tax-free income, letting seniors easily borrow against the value of their home without selling it. Safer than ever, today’s reverse mortgages are non-recourse loans and lenders do not share in any appreciation or accrued equity. Safe and simple, reverse mortgages are a valuable option for senior homeowners having trouble living on a fixed income or in need of extra cash for any unforeseen expense.

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The New Reverse Mortgage Formula, Tom Kelly

Jazyk
Rok vydania
2005
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Titul
The New Reverse Mortgage Formula
Podtitul
How to Convert Home Equity into Tax-Free Income
Jazyk
anglicky
Autori
Tom Kelly
Vydavateľ
Wiley
Rok vydania
2005
Väzba
mäkká
Počet strán
266
ISBN10
0471679569
ISBN13
9780471679561
Série
Anotácia
The New Reverse Mortgage Formula explains reverse mortgages in easy language so seniors and their family members can fully understand and benefit from these useful loan products. Reverse loans allow seniors to convert part of their home equity into tax-free income, letting seniors easily borrow against the value of their home without selling it. Safer than ever, today’s reverse mortgages are non-recourse loans and lenders do not share in any appreciation or accrued equity. Safe and simple, reverse mortgages are a valuable option for senior homeowners having trouble living on a fixed income or in need of extra cash for any unforeseen expense.