People who are 62 years of age and older may qualify for a reverse mortgage. The benefits of receiving a reverse mortgage are far reaching. One can start their retirement early. Reverse mortgages from Bank of Internet are packed with great features and benefits that enable seniors to utilize the equity they've worked their whole lives to build.
For one, the recipient will retain complete ownership of his or her home. They are also given the option of not making any loan payments for the time that they live in their home. The loan recipient can even refinance or sell their home at any time without penalty fees.
Receiving a reverse mortgage loan allows people to begin enjoying their retirement early. It is much easier to qualify for reverse mortgages because they are based more on equity, rather than the typical qualifications that define standard mortgages. Furthermore, Bank of Internet offers low mortgage interest rates. Call 1-888-546-2634 to determine if you qualify for a reverse mortgage loan.