Atlanta 11/17/2012 12:02:09 AM
Reverse Mortgage Recipients can Make the Most of Retirement
Anybody 62 years of age or older who owns a home may qualify for a reverse mortgage. The Reverse Mortgage loan program from Bank of Internet USA allows homeowners of retirement age to utilize the home equity they’ve worked so hard to build. Many flexible features make a reverse mortgage stand out from other mortgages.
With a reverse mortgage from Bank of Internet USA, Homeowners who utilize a reverse mortgage maintain full ownership of their home. This removes a lot of stress that is typically present in a regular mortgage, where the bank technically owns the home until the mortgage is paid off. In fact, homeowners can even refinance or sell their home at any time without penalty.
Imagine the comfort of having the extra money of a reverse mortgage while maintaining ownership of the home you’ve worked so hard for. This reduced stress allows homeowners to enjoy their retirement that they have worked their whole lives to build up to. Bank of Internet USA reverse mortgages even give homeowners the option of not making any loan payments during the time that they live in the home.
Call 1-888-875-4743 to speak to a Bank of Internet USA reverse mortgage expert with questions about applying for a reverse mortgage.