There was a time when retirement was something an individual could look forward to, a period in their life when they could enjoy spending their days doing the things they most wanted. That time seems to be slipping away as the current economic climate has made retirement a seemingly impossible event. While retirement may appear unattainable the reality for homeowners 62 years of age or older is a reverse mortgage can provide the financial stability they need for this phase of their life.
Unlike traditional loans that require credit checks or income verification, a reverse mortgage loan is much easier to secure as it is based exclusively on the equity that has been built in a home. Essentially a reverse mortgage is a reward to the homeowner for all the hard work and sacrifices they have made to keep their home.
Bank of Internet USA, America’s oldest and most trusted Internet bank, understands how important retirement is and even more importantly understands the financial demands that come with it and that is why they provide homeowners with the option of securing a reverse mortgage loan.
A reverse mortgage loan from Bank of Internet USA comes with a number of benefits that extend beyond just a monetary amount based on home equity; with a reverse mortgage from Bank of Internet USA additional perks include retaining ownership of the home, having the option of not making any loan payments for the time you live in your home, the ability to refinance or sell your home at any time, as there are no penalty fees with a Reverse Mortgage loan, and many more.
To learn more about additional benefits of reverse mortgages and how you can get started go to:
https://www.bankofinternet.com/bofi/Mortgage/Reverse_Mortgages.aspx
