For homeowners 62 years of age or older the option of a reverse mortgage loan can be the perfect solution to any financial concerns they may have about retirement. Bank of Internet USA, America’s oldest and most trusted Internet bank, understands just how important retirement is to these homeowners and has made the process of securing a reverse mortgage loan easy.
Qualifying for a reverse mortgage loan from Bank of Internet USA is simple as there are no credit checks or income verification; this loan is based exclusively on the equity that has already been built in the home. Essentially a reverse mortgage loan is a means by which a homeowner can leverage the equity they already have to provide financial stability in the future.
There are a number of benefits that come with a reverse mortgage aside from the immediate source of money and these benefits 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.
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