Książka Reverse Mortgages Meghan Galloway

Reverse Mortgages

Elements, Considerations & Market Developments

Język: Angielski
Oprawa: Twarda
Dostępność: 50 % szansa
Przeszukamy cały świat
1 418.30
A reverse mortgage is a special type of home loan for older homeowners that requires no monthly mort...

Informacje o książce

Język
Angielski
Oprawa
Książka - Twarda
Data wydania
2013
strony
175
EAN
9781622579655
ISBN
9781622579655
Enbook ID
06438603
Waga
546
Wymiary
184 x 262 x 17

Pełny opis

A reverse mortgage is a special type of home loan for older homeowners that requires no monthly mortgage payments. Borrowers are still responsible for property taxes and homeowner''s insurance. Reverse mortgages allow seniors to access the equity they have built up in their homes now, and defer payments of the loan until they die, sell, or move out of the home. The original purpose envisioned for reverse mortgages was to convert home equity into cash that borrowers could use to help meet expenses in retirement. Borrowers could choose between an income stream for everyday expenses, a line of credit for major expenses (such as home repairs and medical expenses), or a combination of the two. This book examines the changes that have taken place in the marketplace and in the consumers who use reverse mortgages, with a focus on consumer protection concerns.

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