It is natural for those nearing the age of retirement or those who have already retired to have some concerns regarding how they will afford this phase of their life. While there may have been a time when retirement benefits were enough to support an individual what we are seeing today is that these benefits simply haven’t kept step with the increasing financial demands of retirement.
For retirement to become a reality what many need is a means to supplement their income and for homeowners 62 years of age or older this can be attained through a reverse mortgage loan. At Bank of Internet USA, America’s oldest and most trusted Internet bank, qualified homeowners can secure a reverse mortgage loan that provides them with a steady stream of money and gives them a sense of financial security.
Unlike traditional loans that require credit checks and income verification a reverse mortgage loan from Bank of Internet USA is based exclusively on the equity that has been built in a home. Essentially this reverse mortgage loan is a reward for the sacrifices that have already been made by the homeowner. Additional benefits that are afforded to a homeowner include:
•Retain ownership of their home.
•Have an option of not making any loan payments for the time they live in their home.
•Have the ability to refinance or sell their home at any time, as there are no penalty fees with a reverse mortgage loan.
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
