While retirement is supposed to be a reward for years of hard work what many people have found is that it can be a constant cause of fear and concern about financial stability. Retiring isn’t cheap and with the rising costs associated with everyday items it only seems natural to have those concerns but for homeowners 62 years of age or older a reverse mortgage loan could be the perfect solution.
With a reverse mortgage loan from Bank of Internet USA, America’s oldest and most trusted Internet bank, qualified homeowners can secure a steady stream of money based on the equity they have built in their home. There are no credit checks or income verification when applying for a reverse mortgage loan; it’s essentially a reward for the work that has already been done.
In addition to the easy process of securing a reverse mortgage loan there are a number of other benefits including:
•You will retain ownership of your home.
•You have an option of not making any loan payments for the time you live in your home.
•You are able to refinance or sell your home at any time, as there are no penalty fees with a reverse mortgage loan.
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