Reverse mortgages

For seniors who live on a fixed income, owning a home—and keeping it—can be financially challenging. Rather than face the choice of selling your home and moving or becoming a home-owning pauper, reverse mortgage products let seniors convert part of their equity into tax-free income that can be used for anything—even mortgage payments, living expenses, or medical costs.

Reverse Mortgages For Dummies covers all the basics of reverse mortgage products so you and your adult children can understand and take full advantage of these handy loans—and keep the home you love. Covering a full range of reverse mortgage options and topics, you’ll discover how to:

Decide if a reverse mortgage is right for you
Shop for the best reverse mortgage products
Find out if your home is eligible
Find a counselor who can help you

Written by Sarah Lyons, an Assistant Editor at Mortgage Originator magazine, and John Lucas, an experienced reverse mortgage specialist, Reverse Mortgages For Dummies explains these helpful loan products in simple, easy-to-understand language free of all the jargon. Once you understand how reverse mortgages differ from other loans—and what you could do with your reverse mortgage—the book covers the specifics you need to find the right loan for you, including:

Special advice for adult children helping their senior parents secure a loan
How to get a reverse mortgage and keep your second home legally
Property requirements and financing fees
Selecting among a multitude of lenders
Spending and estimating leftover equity
Sharing the decision-making process with family and loved ones

If you’re a senior wondering whether a reverse mortgage can help you keep your home, this book gives you the information you need to make smart, informed decisions that are vital to you, and your family’s, security. Reverse Mortgages For Dummies will help you keep your home and live the life you want.

Author:�Sarah Glendon Lyons,�John E. Lucas
Paperback:� 285 pages
Company:�For Dummies� (2005-06-24)
ISBN:�0764584464
List Price:�$16.99
Amazon Price:�$4.79
Used Price:�$2.87

The Complete Guide to Reverse Mortgages: Turn Your Home Equity into Instant Income!

Until recently, there were only two main ways you could get cash from your home: sell it or borrow against it and make monthly loan repayments. Reverse mortgages offer a third way of getting money from your home. If you are a homeowner, age 62 and older, you are eligible to apply for a reverse mortgage loan that converts your home equity into a tax-free income.

With The Complete Guide to Reverse Mortgages, you'll learn all you need to know to earn the supplemental income you need, without worrying about:

Having to sell your home
Give up your title
Or take on a new monthly mortgage payment.

This invaluable guide explains everything you need to know about reverse mortgages and how to use them to your advantage. With practicing attorneys Tyler Kraemer and Tammy Kraemer leading the way, you will learn the step-by-step process to getting a reverse mortgage and making the best of your retirement!

Author:�Tyler Kraemer,�Tammy Kraemer
Paperback:� 224 pages
Company:�Adams Media� (2007-09-01)
ISBN:�1598692151
List Price:�$12.95
Amazon Price:�$7.64
Used Price:�$4.56

A simple and straightforward guide to the very sensitive issues facing caregivers and seniors who want to live at home. The book gives complete instructions to the safe and healthy way to successfully make living at home a reality. This book is for every senior who doesn't want to live in a senior community, their adult children, caregivers and retirees building or remodeling their retirement homes.

Author:�Donna Christner-Lile
Paperback:� 96 pages
Company:�Alta Publishing� (2007-06-01)
ISBN:�097915250X
List Price:�$9.95
Amazon Price:�$9.95