Reverse Mortgage Information - New Article

While this website obviously caters to home buyers -- particularly first time home buyers -- we do publish helpful information for homeowners now and then. Case in point, a new tutorial on the website offers reverse mortgage information for senior citizen homeowners.

Here's why we created this new tutorial:

In the coming months, seniors over the age of 60 who own a home will likely receive marketing materials promoting the reverse mortgage as a senior lending option. Basically, qualifying seniors can take out a loan against the value of their home (like an equity loan), and they don't have to pay it back until (A) they die, (B) they sell the home, or (C) they move and no longer use the home as their primary residence.

Of course, this is an oversimplification of a reverse mortgage loan for senior citizens, and that's why we have created the new tutorial -- to offer reverse mortgage information for seniors so that they can better understand the advantages and disadvantages of this increasingly popular lending option.

Read the full tutorial:
Reverse Mortgage Loans for Senior Citizens

We will probably be posting more information on this subject in the near future.