Retirement can be a an exciting time where anything is possible, but if you don't feel like you are financially ready to retire you may fell uneasy about your future. If you're retiring and need a little more security to you financial future, getting a reverse mortgage from Bank of Internet may be just what you need to ease your troubled mind.
Homeowners aged 62 years or older are eligible to receive a reverse mortgage
from Bank of Internet USA. As America's oldest and most trusted Internet bank, Bank of Internet can help homeowners get the funds they need to enjoy their retirement.
A reverse mortgage loan
is about rewarding the homework for paying their mortgage all those years. Instead of being based on the homeowner's credit scores or income, a reverse mortgage is based on equity that has been built in the home.
With a reverse mortgage from Bank of Internet
, homeowners will maintain ownership of their home. They also have the option to not pay any loan payments while they are in the home. They may also choose to refinance or sell their home whenever they wish without fear of penalties.