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Why Use a Reverse Mortgage?
Manage episode 173711985 series 1139850
Вміст надано Dan Rochon. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Dan Rochon або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
Reverse mortgages can be a useful tool if you’re 62 or older. Here’s why.
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I’m here today to answer another great question from one of our viewers. This one comes from Miss Peaches. She wants to know “What is a reverse mortgage?” Thanks again for the question, Peaches!
If you’re a homeowner that is 62 or older, a reverse mortgage allows you to use the equity in your home to get cash. This allows you to take any substantial equity out of your home and turn it into cash. If you pass away and/or the home is sold, the money will get paid back. The lender makes their money off the interest that has accumulated during the time you had the cash.
If you have any further questions about reverse mortgages or anything else real estate-related, give me a call or send me an email. I’ve got a $25 gift card coming your way, Miss Peaches. If you have a question and we answer it in a video, I’ll be sending you one as well. I look forward to hearing from you soon.
If you’re a homeowner that is 62 or older, a reverse mortgage allows you to use the equity in your home to get cash. This allows you to take any substantial equity out of your home and turn it into cash. If you pass away and/or the home is sold, the money will get paid back. The lender makes their money off the interest that has accumulated during the time you had the cash.
You can turn that equity into cash.
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