reverse mortgage

11 May

All the keys about the Reverse Mortgage

Catharine BwanaReal Estateadditional income, annuity insurance, deferred annuity, income, life, mortgage, obtain additional, reverse, reverse mortgage

There are many financial alternatives so that the elderly can increase their income when the time comes for retirement. Although it is not yet a widespread product in Spain, the reverse mortgage has become a solution with many benefits for those who decide to apply for it. Alternatives to obtain additional income with housing The need to increase income is the main reason to apply for a reverse mortgage. As explained by the Bank of Spain in its guide to access this product, there are four types of operations to obtain additional income with housing. The main difference between them is the transmission…

03 Mar

8 details of the Reverse Mortgage

Catharine BwanaReal Estateentity grants, financial product, house, mortgage, product, property, reverse, reverse mortgage

The reverse mortgage is a mortgage loan whose fundamental objective is the monetization of a real estate that completes the pension once retirement arrives. It is a very useful financial product that has been very well received in the United States and Great Britain but here in Spain is beginning its takeoff. What does it consist of? Is it worth it? Who is it for? We tell you all the peculiarities of this mortgage in this post. Reverse mortgage: is it for me? The reverse mortgage is designed for people with a certain profile. Over 65 years old, retired and with…