Loangevity Mortgage Press Releases

Published on November 27, 2020 - 00:00 GMT

Top 10 Reasons People get Reverse Mortgages

Top 10 reasons why a reverse mortgage might be suitable IRVINE, CA, UNITED STATES, November 27, 2020 /⁨EINPresswire.com⁩/ -- During the Covid-19 pandemic, Reverse Mortgages are more popular than ever. Here are the TOP TEN reasons that, since 1988, over ONE MILLION homeowners have obtained a reverse mortgage. And, ironically, these ten reasons are the same "top ten" reasons people choose reverse mortgages in the year of Covid-19. 1. To live in their homes forever, or for as long as …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on November 27, 2020 - 00:00 GMT

4 Reasons Seniors get a Reverse Mortgage Even if they are Millionaires

Why half of all reverse mortgages are made to homeowners who don't need the money today. IRVINE, CA, UNITED STATES, November 27, 2020 /⁨EINPresswire.com⁩/ -- A reverse mortgage is just a loan. It also is just a line of credit. It is just a way for senior homeowners (Age 60 plus) to live a more comfortable retirement. As a line of credit, a reverse mortgage equity line operates as a “stand by” cash reserve, a “just in case” fund for aging homeowners to access in case unexpected life events occur …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on November 25, 2020 - 18:19 GMT

The 5 Most Common Questions about Reverse Mortgages

Paul E. Scheper (CRMP, CSA, MBA) answers the 5 Most Common Questions about Reverse Mortgages COTO DE CAZA, CA, UNITED STATES, November 25, 2020 /⁨EINPresswire.com⁩/ -- The 5 Most Frequently Asked Questions about Reverse Mortgages Finally, here are the answers to the 5 most common questions. At first glance, reverse mortgages might seem a little confusing. The good news is they are not complicated once you know the basics and when you compare them side by side with a traditional mortgage. Quick …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on November 25, 2020 - 18:18 GMT

5 Alternatives to a Reverse Mortgage

Know your options and your plan before choosing a reverse mortgage. Make sure none of these 5 are a better fit for you. COTO DE CAZA, CA, UNITED STATES, November 25, 2020 /⁨EINPresswire.com⁩/ -- People don't plan to fail, but sometimes, they fail to plan. In order to gain financial freedom and financial independence, you need a plan. You must evaluate the 5 alternatives to a reverse mortgage before deciding if a reverse mortgage is RIGHT for you. Reverse Mortgages need to be suitable and …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on November 25, 2020 - 18:17 GMT

Is a Reverse Mortgage Considered Income for Medicaid?

What senior homeowners receiving Medicaid need to know about Reverse Mortgages IRVINE, CA, UNITED STATES, November 25, 2020 /⁨EINPresswire.com⁩/ -- Half of the people who get a reverse mortgage don’t really need the money, but they get the loan “just in case” they might need funds later in retirement. Some folks are not as lucky and they need a reverse mortgage now in order to improve their cash flow and live a more financially independent life. If you’re a retiree contemplating a reverse mortgage loan …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on November 25, 2020 - 18:16 GMT

Senior Homeowners Advised to Be Prepared for the Uncertain Future

It's better to have the money and not need it, than to need it and not have it. IRVINE, CA, UNITED STATES, November 25, 2020 /⁨EINPresswire.com⁩/ -- The best time to get a reverse mortgage is tied. It's when you need the money, and it's when you DON'T need the money. Sound strange? Over half of the reverse mortgages that I have offered to senior homeowners (Age 60 plus) are to those who don't need the money. They get the reverse mortgage, just in case, down the road, they might …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on November 25, 2020 - 18:07 GMT

Don't Get a Reverse Mortgage Until you do an Apples to Apples Comparison

Before obtaining a Reverse Mortgage, compare things Apple to Apple COTO DE CAZA, CA, UNITED STATES, November 25, 2020 /⁨EINPresswire.com⁩/ -- As you examine your retirement options, you may consider using a Reverse Mortgage, also known as an FHA HECM, which stands for Home Equity Conversion Mortgage. Here is a super simple definition of a Reverse Mortgage --A reverse mortgage is just a loan. They are designed to free up cash flow for homeowners 60 and over who have considerable equity in their homes. …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on November 25, 2020 - 18:06 GMT

Five Words that Describe a Reverse Mortgage

These 5 words can help dispel the myths about reverse mortgages IRVINE, CALIFORNIA, UNITED STATES, November 25, 2020 /⁨EINPresswire.com⁩/ -- Here are 5 of the most common myths & misconceptions about reverse mortgages, and the truth behind these myths. The 5 words that explain a reverse mortgage are in each answer below. 1. “A reverse mortgage requires giving up ownership of your home.” NOT True. It is just a loan. When you obtain a reverse mortgage, your name remains on the title and the …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...