Reverse Mortgage is Best for Elderly Couples as reverse mortgage has enabled a dream come true for all those elderly couple holding substantial property and are attached to the same and do not want to sell the same in their life time.
Banks are providing the flexibility where the market value of the house is assessed by an independent assesor and subsequently one gets certain amount for the life. If one of the husband and wife survives than they can continue getting the benefit. Once both have died, bank is able to sell the house or can even execute a deal with family members of the house to buty back the hose.
In case house sale proceeds is in excess than the amount which has been paid is deducted and balance is given to legal heirs of the house.
Thursday 7 May, 2009
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This blog is a personal blog written and edited by me. For questions about this blog, please contact me.
This blog accepts forms of cash advertising, sponsorship, paid insertions or other forms of compensation.
This blog abides by word of mouth marketing standards. We believe in honesty of relationship, opinion and identity. The compensation received may influence the advertising content, topics or posts made in this blog. The owner(s) of this blog is compensated to provide opinion on products, services, websites and various other topics. Even though the owner(s) of this blog receives compensation for our posts or advertisements, we always give our honest opinions, findings, beliefs, or experiences on those topics or products. Every effort is made to make the sponsored post identifiable but at times due to advertisers restrictions the same may not be feasible all the time.The views and opinions expressed on this blog are purely the bloggers' own. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer, provider or party in question.
The owner(s) of this blog would like to disclose the following existing relationships. I have a interest in real estate field which may influence the style of writing.
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