Choosing a Reverse Mortgage: is a fixed-rate HECM right for you?
A reverse mortgage is a type of loan that allows homeowners age 62 and over to convert their home equity into cash. And unlike other types of home equity-based loans, monthly mortgage payments are not required.* Most reverse mortgages have adjustable interest rates that vary according to market conditions. But many consumers don’t realize that fixed-rate reverse mortgages are also available.
Lower costs make now best time to obtain a reverse mortgage; call Tim Gristy today
Gristy Financial Services, Inc. is pleased to announce an opportunity for homeowners to receive more funds from a reverse mortgage due to a reduction in closing costs.
MetLife Bank unveils reverse mortgage option to unlock more equity at lower cost
MetLife Bank, N.A., one of the leading providers of reverse mortgages to older Americans, today announced a new pricing option for homeowners, which will make thousands more dollars available to many borrowers at a lower cost, allowing them to fund a more comfortable retirement.