Reverse mortgages are specially designed for homeowners 62, and older looking to supplement their income, cover healthcare expenses, etc., by converting part of their home equity into cash. The homeowner retains the title and gets an advance on some of the home equity in lieu of paying monthly mortgage payments. While this may be enticing for..
Category: EB Mortgage - page 6
As a homeowner, you are automatically building equity through time, which can be used to secure low-cost funds by obtaining a second mortgage. Through one-time home equity loans or a Home Equity Line of Credit (HELOC), these options are available for you to access cash for renovations, large purchases, or alternative debt repayment. Home equity..
Let’s face it, most of us don’t have a couple hundred thousand dollars under our pillow to buy a home or even a new vehicle. We need banks to loan us large amounts of money for big-ticket items. How do banks determine who qualifies for a loan by calculating our credit score? Your credit score..
Playing sports has significant health benefits to a person’s well-being. However, with any physical activity is the possibility of injury. Approximately 25% of all sports injuries are associated with the athlete’s hand and wrist. These damages can create barriers to completing daily tasks- on and off the field. It’s important to understand the symptoms of..
Soaring prices for items such as gas, airline tickets, food, and more are signaling alarms to economic experts. According to a June report by the University of Michigan Surveys of Consumers, buyer sentiment decreased by 14.4 percent in June, and roughly 79 percent of consumers anticipate bad times for business conditions in 2023. University of..