As more and more people are feeling the burden of a tough economic climate many are seeking out solutions to their financial problems. For homeowners 62 years of age or older perhaps the most popular of these solutions is a reverse mortgage loan, a means of locking down a steady stream of money based on the equity they have built in their home.
Bank of Internet USA, America’s oldest and most trusted Internet bank, has made the process of securing a reverse mortgage loan simple. Unlike traditional loans that require credit checks and income verification a reverse mortgage loan is all about the work a homeowner has already done.
Of course a reverse mortgage loan has additional benefits aside from the financial relief it can provide; these benefits include homeowners retaining ownership of their home, having the option of not making any loan payments for the time they live in their home, the ability to refinance or sell their home at any time, as there are no penalty fees with a reverse mortgage loan, and many more.
If you are considering a reverse mortgage loan and have questions Bank of Internet USA has a team of professional reverse mortgage specialists readily available to provide you with information and point out additional features and benefits that come with a reverse mortgage.
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
