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What do you think of reverse mortgage loans?
I have always dreamt of buying my own home and stopping paying a rent. Time is passing and I am not able yet to do it. after a search, I found out that there is an opportunity for me, a financial solution that is
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I think that you should meet a
Unfortunately, a reverse mortgage has a lot of disadvantages, although it looks like quite attractive as financial solution for those who cannot afford other types of mortgage. For examples, taxes, fees, interest rates and
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Definitely, a reverse mortgage (or
- if you have children, consider that then you probably wont' be able to leave them your home;
- you will be asked to buy a home-owner’s insurance, thus you will pay
premiums ; - remember to include your partner as co-borrower in the mortgage contract you take out, or after your death (that I hope will come in 100 years!) she won't be able to keep on living in your home.
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You can get more information watching this video. And anyway, I recommend you to talk with a mortgage advisor. There are many other home loan possibilities that you probably don't know and that might solve out your problem with less risk for you.
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I think that you should meet a
Unfortunately, a reverse mortgage has a lot of disadvantages, although it looks like quite attractive as financial solution for those who cannot afford other types of mortgage. For examples, taxes, fees, interest rates and
Definitely, a reverse mortgage (or
- if you have children, consider that then you probably wont' be able to leave them your home;
- you will be asked to buy a home-owner’s insurance, thus you will pay
premiums ; - remember to include your partner as co-borrower in the mortgage contract you take out, or after your death (that I hope will come in 100 years!) she won't be able to keep on living in your home.
Questions

arydyjo
Member from: 24/12/2017 - 23:38
Comments : 0