For many trying to navigate through these uncertain economic times there is considerable concern about how they will move forward. This concern is particularly felt by those nearing retirement or having recently retired as questions about how they will afford to live without working is particularly unsettling.
These concerns can quickly be calmed for homeowners 62 years of age or older with a reverse mortgage, a loan that essentially rewards them for the equity they have already built in their home. Unlike other loans a reverse mortgage isn’t based on credit scores or income, it’s all about the sacrifices that have already been made.
Bank of Internet USA, America’s oldest and most trusted Internet bank, can provide homeowners 62 years of age or older with the financial security they desire through a reverse mortgage. This reverse mortgage loan program comes with a number of benefits that not only provide security but the ability to actually spend retirement doing the things you desire most.
With a reverse mortgage a homeowner maintains ownership of their home while having option of not making any loan payments for the time they live in their home, homeowners can refinance or sell their home at any time, as there are no penalty fees with a Reverse Mortgage loan, they can use the money from a reverse mortgage for anything they wish, and several other benefits.
To learn more about reverse mortgages visit: https://www.bankofinternet.com/bofi/Mortgage/Reverse_Mortgages.aspx