What is a reverse mortgage? I finally understand!


	What is a reverse mortgage? I finally understand!

lusept09

9-16-2009 8:05 AM

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tags:

reverse mortgage, retirement planning, quicken loans, reverse mortgages, reverse mortgage calculator, hecm, mortgages

lusept09 says:

"What is a reverse mortgage," my dad kept asking me. I found this great website, and I finally felt like I understood enough to explain the process to him.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/4e939b1b-3f7e-45e1-9837-f2bc1ba55533/1DF593AA-69FF-4487-BB0A-2B8603B37290/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="https://www.onereversemortgage.com/what-is-reverse-mortgage/reverse-mortgage-explained" href="https://www.onereversemortgage.com/what-is-reverse-mortgage/reverse-mortgage-explained" style="font-size: 11px;">www.onereversemortgage.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="https://www.onereversemortgage.com/what-is-reverse-mortgage/reverse-mortgage-explained"><P>As a homeowner, you've built equity in your home - now is the time to take advantage of your wise investment!</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="https://www.onereversemortgage.com/what-is-reverse-mortgage/reverse-mortgage-explained"><P>A reverse mortgage is a financial tool designed by the federal government as a form of financial relief for homeowners 62 and older.  It allows seniors to stay in their home, eliminate their current mortgage payment, and access their equity - tax-free!  Unlike traditional "forward" home loans or second mortgages, no repayment is required until the homeowner(s) no longer occupies the property as their primary residence.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="https://www.onereversemortgage.com/what-is-reverse-mortgage/reverse-mortgage-explained"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.onereversemortgage.com/img/AF24E262-CAE5-47DD-8221-FE97B25DC070" alt="Use Our Cash Calculator" /></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/1DF593AA-69FF-4487-BB0A-2B8603B37290/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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