ARTICLES

The pros of a reverse mortgage include a supplementary income stream that helps seniors stay in their homes and handle emergency expenses, while cons include scams and less home equity, according to the National Council ...

www.reference.com/article/pros-cons-reverse-mortgage-46e33ae3f1e9a6f4

Reverse mortgages are loans that allow homeowners to borrow against the equity in their homes. They receives monthly payments or in some cases a line of credit. Reverse mortgages don't exceed the home's equity.

www.reference.com/article/reverse-mortgage-e85edb6acd839d2

The advantages of paying off mortgages early include saving money in the long term and needing less money for retirement, according to AARP. A common drawback to paying off a mortgage early is the fact that the extra mon...

www.reference.com/article/pros-cons-paying-off-mortgage-early-c328defe7e73295c

SIMILAR ARTICLES

The advantages of home equity loans, or second mortgages, include the ability to make improvements, consolidate other debts, purchase additional homes and avoid private mortgage insurance, as listed by About.com. The pot...

www.reference.com/article/pros-cons-home-equity-loans-40fb7df54139dde2

Paying off a home mortgage provides peace of mind, offers a safe investment compared to other investment vehicles and allows the owner to provide his heirs with an assured inheritance, says Bankrate. Conversely, an indiv...

www.reference.com/article/pros-cons-paying-off-home-mortgage-early-6da40e4dbbc3efe0

Consumers can avoid mortgage scams by rejecting proposals that do not contain options to purchase points or that contain excessive monthly payments, reports Investopedia. Consumers should also avoid lenders who do not di...

www.reference.com/article/avoid-mortgage-scams-5e2604ac75918779

Some important factors to consider when deciding whether to refinance a reverse mortgage include the age of the borrower, the interest rate of the chosen refinancing program and the value of the property. Reverse mortgag...

www.reference.com/article/factors-consider-deciding-whether-refinance-reverse-mortgage-f70b6bc01fb2ab2c