While there have been plenty of people insisting that we are on the road to economic recovery the pace at which that recovery is taking place has left many to question how they will take care of their immediate financial needs. Perhaps nobody has more questions than those who are nearing retirement or have already retired but for homeowners 62 years of age or older a reverse mortgage may just be the answer.
Through a reverse mortgage loan a qualified homeowner can attain the financial freedom that they seek and at Bank of Internet USA, America’s oldest and most trusted Internet bank, the process of securing a reverse mortgage couldn’t be easier.
A reverse mortgage is unlike traditional loans in that there credit checks and income verification are not used as qualifiers; instead a reverse mortgage is based exclusively on the equity that has been built in the home. Essentially a reverse mortgage loan from Bank of Internet USA is a reward to homeowners for the work they have already done.
There are a number of benefits associated with a reverse mortgage loan and Bank of Internet USA has a team of reverse mortgage specialists dedicated to educating and informing qualified homeowners about these perks. Perks that include retaining ownership of the 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.
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
