Once you’ve done your research on reverse mortgages and gained a more complete understanding of the product, the next step is to decide if a reverse mortgage is right for your situation. If you’re eligible (a homeowner 62 years of age or older with equity in your principal residence), this may be a quick decision or one that requires a bit more consideration. As with any decision, it’s always helpful to get the perspectives and experiences of others who have faced similar situations and asked themselves the same questions. So for those other folks who have decided to get a reverse mortgage, what were their reasons? We’ve asked some of our readers and site visitors and below are the top 5 reasons people get reverse mortgages:
1.Retire in style! – Most homeowners getting close to retirement age have spent that last thirty years or more making mortgage payments; depending on where you live, this monthly obligation could be anywhere from a few hundred dollars a month to a few thousand dollars a month and beyond – phew! Every month that one big check goes out the door to the bank and leaves you with that much less cash to save, invest or spend on the items you need and want. How great is it to finally turn the tables on Main Street Bank, where they now send you a check each month? Most retirees have steady monthly costs, such as housing, medical, insurance and other necessary expenses. For non-working retirees, those expenses are managed with a fixed income from retirement accounts, pension plans, social security or other plan. The reverse mortgage allows a retiree to increase their fixed income and provide cash to do some things that they might otherwise not be able to afford to do. Typically, the personal quality of life is the number one reason people get reverse mortgages.
2.Pay hospital or medical bills – For many older Americans and retiree’s medical issues are an increasing reality in their daily lives. With the ever rising cost of healthcare, this can put tremendous demands on a fixed income. Ongoing medical treatments, prescription drug regimens, or a large one-time (possibly unforeseen) medical bill are all top reasons that people get reverse mortgages.
3.Improve or modify a home – While this may not be an expansion of the home, the early part of retirement is a great time to re-purpose your house to accommodate the way you will be living for the next ten, twenty, thirty years and on. Maybe it’s time to expand the kitchen, widen the hallways or remove some steps, or exchange the old pool in the backyard for a beautifully landscaped garden. As we get older, a top reason people get reverse mortgages is to outfit their house for their new lifestyle.
4.Dream vacation anyone? – What better time to just get away than when your working days are behind you and the weather turns a bit gloomy? Proceeds from a reverse mortgage have allowed many homeowners to take that vacation they’ve always dreamed about, but never had the time or resources to take. Bon voyage!
5.Pay off high interest rate or problematic debts – With the large amount of debt that the American consumer accumulates over a lifetime, it should be no surprise that this is a top reason people get reverse mortgages. Whether its high interest rate credit cards, a relative’s student loan debt, or even a potential foreclosure that must be dealt with, reverse mortgages can be a very effective way to get a large sum of cash to manage other debts.
These are the top 5 reasons people get reverse mortgages – once you’ve made a decision to move forward with a reverse mortgage, send us your top reasons and we’ll add them to the list!
1.Retire in style! – Most homeowners getting close to retirement age have spent that last thirty years or more making mortgage payments; depending on where you live, this monthly obligation could be anywhere from a few hundred dollars a month to a few thousand dollars a month and beyond – phew! Every month that one big check goes out the door to the bank and leaves you with that much less cash to save, invest or spend on the items you need and want. How great is it to finally turn the tables on Main Street Bank, where they now send you a check each month? Most retirees have steady monthly costs, such as housing, medical, insurance and other necessary expenses. For non-working retirees, those expenses are managed with a fixed income from retirement accounts, pension plans, social security or other plan. The reverse mortgage allows a retiree to increase their fixed income and provide cash to do some things that they might otherwise not be able to afford to do. Typically, the personal quality of life is the number one reason people get reverse mortgages.
2.Pay hospital or medical bills – For many older Americans and retiree’s medical issues are an increasing reality in their daily lives. With the ever rising cost of healthcare, this can put tremendous demands on a fixed income. Ongoing medical treatments, prescription drug regimens, or a large one-time (possibly unforeseen) medical bill are all top reasons that people get reverse mortgages.
3.Improve or modify a home – While this may not be an expansion of the home, the early part of retirement is a great time to re-purpose your house to accommodate the way you will be living for the next ten, twenty, thirty years and on. Maybe it’s time to expand the kitchen, widen the hallways or remove some steps, or exchange the old pool in the backyard for a beautifully landscaped garden. As we get older, a top reason people get reverse mortgages is to outfit their house for their new lifestyle.
4.Dream vacation anyone? – What better time to just get away than when your working days are behind you and the weather turns a bit gloomy? Proceeds from a reverse mortgage have allowed many homeowners to take that vacation they’ve always dreamed about, but never had the time or resources to take. Bon voyage!
5.Pay off high interest rate or problematic debts – With the large amount of debt that the American consumer accumulates over a lifetime, it should be no surprise that this is a top reason people get reverse mortgages. Whether its high interest rate credit cards, a relative’s student loan debt, or even a potential foreclosure that must be dealt with, reverse mortgages can be a very effective way to get a large sum of cash to manage other debts.
These are the top 5 reasons people get reverse mortgages – once you’ve made a decision to move forward with a reverse mortgage, send us your top reasons and we’ll add them to the list!
Author Info:
Ethan Ewing: Ethan Ewing is currently President of Freedom Financial Network and http://www.Bills.com. If you would like more of Ethan’s http://www.Bills.com/sitemap/, please visit the Bills.com information on http://www.Bills.com/mortgage/
Her er hvordan jeg gjorde:
ReplyDeletetjene penger online
tjene penger raskt
tjener penger
URL - Prøv å holde de viktigste søkeordet i nettadressen. I mitt eksempel webadressen blir. Merk at jeg har brukt den viktigste søkeordet i nettadressen.
tjene penger online
tjene penger på internett
tjener penger
Tre. Tilbakekoblinger: Dette er den viktigste faktoren for rangering. Når du prøver å rangere, bør du se dine konkurrenter backlinks først. Finn ut hvor mange backlinks de har og kvaliteten på deres tilbakekoblinger. Hvis de har mindre backlinks, så du enkelt kan slå dem. Det er så mange måter å få backlinks.
tjene penger fort
tjene penger på blogg
trenger penger
Forrige måned skrev jeg en til guide og jeg fikk god respons fra mine kunder. Guiden var på tilbakekoblinger Indeksering og jeg vist hvordan jeg klarte å få Google første siden rangering uten innhold. Blogg er fremdeles rangering og nå er den i # 5 stilling fra # 7. Interessant fremdeles er det ingen innhold. Bare en velkommen innlegg som vi får som standard ved installasjon av WordPress.
[url=http://emanuel7powell.xanga.com/729910381/hvordan-tjene-penger-online/]Tjene Penger[/url]
Hey guys [url=http://tjenepengerraskt.blogspot.com/][img]http://www.tjenepengeronline.info/tjene_penger.gif[/img][/url] I have been lurking here for some time now, and I must say that i'm grateful to finally be a part of www.blogger.com!
ReplyDeleteHmm it looks like your blog ate my first comment (it
ReplyDeletewas extremely long) so I guess I'll just sum it up what I submitted and say, I'm thoroughly
enjoying your blog. I too am an aspiring blog blogger but I'm still new to the whole thing. Do you have any tips for rookie blog writers? I'd definitely appreciate it.
Here is my blog ... nfl jerseys
Hmm is anyone else having problems with the images on this blog
ReplyDeleteloading? I'm trying to figure out if its a problem on my end or if it's the
blog. Any suggestions would be greatly appreciated.
Here is my web blog - Wholesale nfl jerseys
What i do not realize is in fact how you're no longer really a lot more neatly-favored than you may be right now. You are so intelligent. You recognize therefore considerably on the subject of this subject, produced me personally imagine it from so many numerous angles. Its like men and women aren't involved except it's one thing to accomplish with Woman gaga! Your own stuffs excellent. All the time maintain it up!
ReplyDeletemy page: reality shows
This is very interesting. Your blog educated us with valuable information.
ReplyDeleteAttractive portion of content. I simply stumbled upon your
ReplyDeleteweblog and in accession capital to assert that I get in fact enjoyed account your weblog
posts. Anyway I will be subscribing to your feeds or even I achievement you get entry to constantly fast.
Here is my site cheap air max 90
What's Happening i am new to this, I stumbled upon this I've
ReplyDeletefound It positively helpful and it has aided me out loads.
I am hoping to contribute & assist different customers like
its aided me. Good job.
Also visit my web page レイバン
Incredible! This blog looks exactly like my old one!
ReplyDeleteIt's on a totally different topic but it has pretty much the same page layout and design. Wonderful choice of colors!
Look at my web-site; クロエ財布
。メルセデスベ
ReplyDeleteンツヘッダー排気上エッセン
シャルオート魅力
的な価格は、間
違いなく競争に接続切望
されています。実際には
我々はあなたが熱心
なリーズナブルな価格でコーチの財布で探しているだろうことを伝えることができunderexposed.
Coachアウトレットです、あなたは少量のことを確認します。それが伝わるまさにプラス人員の避難
が販売家族サイ
ズのユニークな肉のパッ
ケージのために設
置典型Grawl.Michaelマイケルコース
バッグ低コストProteinMany食
料品店からグリップでプラス
エスケープを捨て
てサポートしています
Look into my webpage - バッグ gucci
。壮大な漫画の個人の開発について話
ReplyDeleteしましたが、
至る所でそこ調べているあなたの人々
のように振る舞うことを、主
に探検ポスティング
彼らが捕獲しようとしている誰もが速やかにあなたの専門知
識を最適化し、一般的に楽
しいアニメーションペル
ソナを生成に
関して目を保つ
ために使用され
る期間がかかるの詳細を
理解することから利益を得ることができる有用なヒントを選択するための利点があ
ります。
My web-site グッチ バッグ
If some one desires expert view regarding blogging then i advise him/her to pay
ReplyDeletea visit this blog, Keep up the nice job.
Also visit my web-site Replica Watches
When someone writes an post he/she keeps the plan of a user in his/her mind that how a user can
ReplyDeleteunderstand it. Thus that's why this piece of writing is outstdanding. Thanks!
Look into my site - sky free to air channel frequencies
保持私たちの目から過酷な明白な太陽発電。アカウント何をsearhing はで、正確何、web サイトは、にもかかわらず。
ReplyDeleteAlso visit my page: オークリーゴーグル
Hi there just wanted to give you a quick heads up.
ReplyDeleteThe text in your content seem to be running off the screen in Safari.
I'm not sure if this is a formatting issue or something to do with internet browser compatibility but I figured I'd
post to let you know. The design look great though! Hope you get the problem solved
soon. Many thanks
Feel free to surf to my homepage ミュウミュウ
At this moment I am going to do my breakfast, once having my breakfast coming yet again
ReplyDeleteto read additional news.
Look into my homepage ... ミュウミュウ
What i do not understood is actually how you're now not really a lot more well-favored than you might be now. You're so intelligent.
ReplyDeleteYou recognize thus significantly in relation to this matter,
produced me in my opinion believe it from numerous
varied angles. Its like men and women are not fascinated except it's something to accomplish with Lady gaga! Your individual stuffs outstanding. Always handle it up!
my site :: コーチ 店舗
Heya i'm for the first time here. I came across this board and I find It truly useful & it helped me out a lot. I hope to give something back and help others like you aided me.
ReplyDeleteVisit my web page :: コーチ
My brother suggested I might like this blog.
ReplyDeleteHe was totally right. This post actually made my day.
You can not imagine just how much time I had spent for this information!
Thanks!
Feel free to visit my web page - christian louboutin outlet
Please let me know if you're looking for a article author for your blog. You have some really good articles and I believe I would be a good asset. If you ever want to take some of the load off, I'd
ReplyDeletelove to write some content for your blog in exchange for
a link back to mine. Please blast me an e-mail if
interested. Cheers!
Take a look at my homepage - christian louboutin shoes
This design is spectacular! You most certainly know how to keep
ReplyDeletea reader amused. Between your wit and your videos, I was almost moved to
start my own blog (well, almost...HaHa!) Great job.
I really loved what you had to say, and more than
that, how you presented it. Too cool!
Also visit my blog post :: christian louboutin shoes
Link exchange is nothing else but it is just
ReplyDeleteplacing the other person's blog link on your page at suitable place and other person will also do same for you.
Also visit my web-site: musikrichtungen-liste.de
It's hard to come by experienced people in this particular subject, however, you sound like you know what you're talking about!
ReplyDeleteThanks
Also visit my site - Replica Rolex
I'm extremely inspired together with your writing abilities as smartly as with the structure to your weblog. Is that this a paid subject matter or did you modify it yourself? Anyway stay up the excellent quality writing, it is rare to look a nice weblog like this one these days..
ReplyDeleteMy web blog; nike air max on sale
excellent post, very informative. I'm wondering why the opposite specialists of this sector do not understand this. You must continue your writing. I am sure, you've a great readers' base already!
ReplyDeleteMy page: ルイヴィトン
I have been surfing online more than 4 hours today, yet I never found any
ReplyDeleteinteresting article like yours. It is pretty worth enough for me.
Personally, if all site owners and bloggers made
good content as you did, the web will be a lot more useful than ever before.
Also visit my webpage エアジョーダン
Hi there, just wanted to tell you, I liked this blog
ReplyDeletepost. It was inspiring. Keep on posting!
my weblog - アバクロダウン
I always used to study post in news papers but now as I am a user of web
ReplyDeleteso from now I am using net for articles or reviews,
thanks to web.
Also visit my weblog ... nikeジョーダン
It is appropriate time to make some plans for the future and it is time to be happy.
ReplyDeleteI have read this put up and if I could I want to suggest you some attention-grabbing
things or tips. Perhaps you could write next articles regarding this article.
I wish to learn even more issues about it!
Feel free to surf to my web page - nikeエアジョーダン
Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point.
ReplyDeleteYou obviously know what youre talking about, why throw away your intelligence on just posting
videos to your weblog when you could be giving us something
informative to read?
my page :: cheap nike air max free shipping
I have fun with, cause I discovered just what I was having a look for.
ReplyDeleteYou've ended my 4 day long hunt! God Bless you man. Have a nice day. Bye
Also visit my blog post :: oakley sunglasses
Hello there, You have done a great job. I will certainly digg it and personally suggest to my friends.
ReplyDeleteI am confident they'll be benefited from this website.
Feel free to surf to my web blog - Rolex watches
Definitely believe that that you stated. Your favorite justification seemed to be on the web the easiest factor to be mindful of.
ReplyDeleteI say to you, I certainly get annoyed at the same time as
other people consider concerns that they just do not recognize about.
You managed to hit the nail upon the highest and defined out the entire thing with no need side-effects , other folks could take
a signal. Will likely be back to get more. Thank you
Feel free to visit my homepage; Nike Air Max 90 360http://www.magicalairmaxshoes.co.uk/nike-air-max-90-current-moire-c-13/
It is the best time to make a few plans for the long run and it is time to be happy.
ReplyDeleteI've read this publish and if I may just I wish to counsel you few attention-grabbing issues or advice. Maybe you could write next articles relating to this article. I want to read more issues approximately it!
Here is my web blog: nike air max 90 pas cher (http://demowiki.smkb.ac.il/index.php?title=%D7%9E%D7%A9%D7%AA%D7%9E%D7%A9:CynthiaDu)
My developer is trying to persuade me to move to .net from PHP.
ReplyDeleteI have always disliked the idea because of the costs.
But he's tryiong none the less. I've been using Movable-type
on various websites for about a year and am nervous about switching to another platform.
I have heard great things about blogengine.
net. Is there a way I can import all my wordpress content into
it? Any help would be really appreciated!
Feel free to visit my web-site - nike air max billig
I think that is among the so much important info for me.
ReplyDeleteAnd i am glad reading your article. However want to commentary on
few common issues, The site taste is great, the articles is
in reality nice : D. Excellent activity, cheers
My webpage ... nike air max billig (http://www.realschuhe.com/)
I'm really loving the theme/design of your website. Do you ever run into any web browser compatibility issues? A couple of my blog audience have complained about my site not working correctly in Explorer but looks great in Firefox. Do you have any tips to help fix this issue?
ReplyDeleteStop by my page; günstige nike air max
I'm gone to tell my little brother, that he should also visit this website on regular basis to obtain updated from most recent news.
ReplyDeleteVisit my blog; Air max billig
Hi, i think that i noticed you visited my blog thus i came to return the desire?
ReplyDelete.I'm trying to to find things to improve my web site!I assume its good enough to make use of a few of your ideas!!
Feel free to visit my page: nike air max billig
Pretty nice post. I simply stumbled upon your blog and wished to say that I've truly enjoyed surfing around your weblog posts. After all I'll be subscribing in your feed and I hope you write again very soon!
ReplyDeleteLook at my page: Nike air max billig
If some one desires expert view about running a blog then i recommend
ReplyDeletehim/her to go to see this blog, Keep up the good work.
my webpage Nike air max billig (http://isabelgg.blogspot.fr)
Howdy! This is my first visit to your blog! We are a group of volunteers and
ReplyDeletestarting a new initiative in a community in the same niche.
Your blog provided us valuable information to work on.
You have done a extraordinary job!
Here is my blog; Nike Air Max 1
Howdy! This post couldn't be written any better! Going through this article reminds me of my previous roommate! He continually kept preaching about this. I will forward this post to him. Pretty sure he will have a great read. I appreciate you for sharing!
ReplyDeletemy webpage: gucci 財布
Line-code of promising stripes soon becomes to the trademark of the .
ReplyDeleteRegular dress consisted of the plaid button downwads shirts with easy
slacks. The text modern conveniences ought you
have of make extended amounts afloat acceptable? Males online fashion has really come onto its
own in recent times. http://www.proyectoret.es/user/view.
php?id=160730&course=1
Hi there to every one, for the reason that I am in fact keen of reading this web site's post to be updated on a regular basis. It includes fastidious data.
ReplyDeleteHere is my blog post: Nike Air Max 1
Heya i'm for the first time here. I came across this board and I find It truly useful & it helped me out much. I hope to give something back and help others like you helped me.
ReplyDeleteFeel free to surf to my blog post - nike air max pas cher
Gets into something register your web page with well-known search engine listings.
ReplyDeleteOther items include jewelry, belts, shoes not to mention coats.
This collection is bound which can make anyone break the habit of in their tracks and admire their sheer elegance.
Time the demonstration styles will be display (e.
g. http://www.article-collection.info/Attractive-Indian-Party-Outfits.
htm
Having read this I believed it was rather informative.
ReplyDeleteI appreciate you taking the time and effort to
put this article together. I once again find myself personally spending a lot of time both reading and leaving comments.
But so what, it was still worthwhile!
Review my website - nike air max pas cher
whoah this blog is great i really like studying your posts.
ReplyDeleteStay up the good work! You understand, many people are looking around for
this info, you could aid them greatly.
my web site: Nike air max billig
Hello, Could you please get in touch with me regarding your website. Thanks.
ReplyDeleteBruce via bruce.cohen@bills.com