Through a reverse mortgage loan from Bank of Internet USA a homeowner is rewarded for the equity they have already built in their home
Nobody wants to think their retirement will be a time of financial struggles and economic uncertainty; they would rather believe that it will be a period in their life in which they get to enjoy traveling, visiting family or simply relaxing and doing what they please. While what people want to believe is certainly the more attractive life the difficulties facing many nearing the age of retirement and those already retired are making that life harder to live.
Fortunately for homeowners 62 years of age or older there is still an opportunity to enjoy the retirement they want. With a reverse mortgage from Bank of Internet USA, America’s oldest and most trusted Internet bank, these homeowners can gain the financial security needed to achieve their retirement goals and desires.
Through a reverse mortgage loan from Bank of Internet USA a homeowner is rewarded for the equity they have already built in their home. This means all the heavy lifting has been done, a reverse mortgage loan is essentially the incentive for all of that work.
It should be noted that homeowners maintain ownership of their home with a reverse mortgage and they have the option of not making any loan payments while they live in their home. In addition, homeowners can still refinance or sell their home at any time with a reverse mortgage as there are no penalties associated with the loan program.
Reverse mortgages can be an excellent tool for homeowners looking to enjoy their retirement, learn more about how the loan program can help you at: https://www.bankofinternet.com/bofi/Mortgage/Reverse_Mortgages.aspx