Retirement often conjures up images of travel, spending time with family, or days spent simply relaxing but those images get tarnished when the reality of our current economic state makes all of that appear impossible. For many individuals nearing retirement or having recently retired the idea of retirement is just not financially feasible.
Fortunately for homeowners 62 years of age or older retirement is not only possible but can be enjoyed doing the things they most want. What many of these homeowners have found is that a reverse mortgage loan is the perfect solution to their financial concerns.
At Bank of Internet USA, America’s oldest and most trusted Internet bank, homeowners can secure a reverse mortgage and attain a steady stream of money based on the equity they have built in their home. A reverse mortgage from Bank of Internet USA isn’t based on credit checks or income but exclusively on the equity in a home, making the process quicker and easier.
With a reverse mortgage form Bank of Internet USA a qualified homeowner not only maintains ownership of their home but also has the option of not making any loan payments for the time they live in their home. Additionally, they can refinance or sell their home at any time as there are no penalty fees with a reverse mortgage.
To learn more about additional benefits of a reverse mortgage with Bank of Internet USA and how you can get started go to:
https://www.bankofinternet.com/bofi/Mortgage/Reverse_Mortgages.aspx
