It’s important for homeowners 62 years of age or older to know that when it comes to retirement they have options that can make that period of their life financially possible. Perhaps the most popular option is a reverse mortgage loan, a means of securing a steady stream of money based on the equity they have built in their home.
At Bank of Internet USA, America’s oldest and most trusted Internet bank, qualified homeowners can learn more about the benefits of a reverse mortgage loan and speak with a skilled reverse mortgage specialist capable of answering any questions regarding reverse mortgages.
Securing a reverse mortgage loan from Bank of Internet USA is a simple process as it doesn’t involve credit checks or income verification like a traditional loan. Instead, a reverse mortgage loan is based on the equity that has been built in a home; essentially it’s a reward for the work that has already been done.
In addition to benefiting from the home equity already established, a reverse mortgage also comes with other perks that 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
