Many people 62 years of age or older have serious concerns about how they will be able to finance their retirement. In many cases this is a legitimate concern as the economy remains unpredictable and prices continue to climb higher. While many people have dreamed about the day they would retire and all of the things they would do with their time many are now just hoping to have enough money to cover the basics.
This concern doesn’t have to exist for homeowners 62 years of age or older, there is a solution and it can put them on track to enjoy the retirement they have long planned. With a reverse mortgage these homeowners can secure financial stability for their retirement and the best part about this loan program is it’s based on the equity these homeowners have already built in their homes.
Bank of Internet USA, America’s oldest and most trusted Internet bank, wants to assure homeowners that they can have the retirement they have always wanted and they have a dedicated team of reverse mortgage specialists ready to speak with homeowners about their options as well as the benefits of a reverse mortgage.
These benefits include the fact that a reverse mortgage is based on the equity that a homeowner has already built, there are no credit checks and the loan program isn’t based on income; with a reverse mortgage you will retain ownership of your home; you have the option of not making loan payments for the time you live in your home; and you can refinance or sell your home at any point without penalty.
There are several more attributes tied to a reverse mortgage loan, to learn more speak with a specialist at Bank of Internet USA.