LOFTS » reverse mortgage http://altalofts.com Apartement, Real estate,lofts and alta Thu, 10 Dec 2009 14:29:37 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 How does a reverse mortgage work? http://altalofts.com/how-does-a-reverse-mortgage-work http://altalofts.com/how-does-a-reverse-mortgage-work#comments Mon, 26 Oct 2009 22:50:06 +0000 admin http://altalofts.com/?p=1962 A reverse mortgage is very similar to the uk equity release market in that it is a financial tool designed to help retirees fund their retirement. In these times of recessions and pension funds have all but vanished, interest rates are at all time lows – meaning savings do not increase in value in line with inflation. So evolves a new tool called the reverse mortgage – thus allowing the retiree to release some of the equity that is tied up in their home. It is similar in a sense to a remortgage with the sole exception that you don’t make any repayments until the house is sold or you move into permanent care.

Random Posts

]]> http://altalofts.com/how-does-a-reverse-mortgage-work/feed 0