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 ... More »

www.reference.com Business & Finance Credit & Lending

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. More »

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... More »

www.reference.com Business & Finance Credit & Lending

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... More »

www.reference.com Business & Finance Credit & Lending

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... More »

www.reference.com Business & Finance Credit & Lending

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... More »

www.reference.com Business & Finance Credit & Lending

The ideal way to get a reverse mortgage in Oregon involves educating oneself to understand the process, getting advice from a certified housing counselor, applying for the loan and then disbursement of the loan. The borr... More »

www.reference.com Business & Finance Credit & Lending