If you’re home-rich but cash-poor, here’s what to know about reverse mortgages

  • 📰 CNBC
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

If you’re home-rich but cash-poor, here’s what to know about reverse mortgages investinyou (In partnership with acorns.)

with different types of reverse mortgages. Possibilities include a one-time payment, monthly payments, or leaving the funds in a line-of-credit that can grow over time if unused or some combination of options.

Other arrangements are the proprietary reverse mortgage, a private loan backed by a company, and the single-purpose reverse mortgage offered by some state or local government agencies.When you're considering a reverse mortgage, ask yourself if the house will work for you the rest of your life, says Carolyn McClanahan, a physician and certified financial planner who is founder and director of financial planning at Life Planning Partners in Jacksonville, Florida.

Having more equity built up in the home than in savings is a common reason for turning to a reverse mortgage.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

acorns Are you looking for a Logo Designer ? Here i am. I will do a perfect flat , minimalist logo design for your brand/company. DM me or.... Order now :

acorns 미국정부의”중공기업 ‘틱톡과 위챗’을 강제파멸시켜서 이 두업체가 돈을 번 수익금을 모두 미국의 국방비와 미국시민들의 차이나 바이러스 퇴치 보건복지비용으로 사용한다

acorns

acorns I will not ride with her

acorns oh no oh no oh no

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What you need to know about the coronavirus right nowHere's what you need to know about the coronavirus right now: If Biden is elected, it’ll magically disappear A large part of the population don't believe in this pandemic. They prefer to believe in Economic. This will cause more complications.
Source: Reuters - 🏆 2. / 97 Read more »

Here's Everything You Need To Know About Mars RetrogradeYou've heard about Mercury Retrograde, now here's what you need to know about Mars Retrograde. I’ve seen enough today, thanks
Source: BuzzFeed - 🏆 730. / 51 Read more »

All you need to know about BBC romantic drama The 7.39Sheridan Smith and David Morrissey star in this BBC drama – here's all you need to know…
Source: hellomag - 🏆 24. / 68 Read more »

How The Rich Partied During Coronavirus LockdownThe wealthy have spent millions building their own secret clubs and live music venues and then flying in musicians and performers for their own version of live events. So? They probably employ thousands of people What Virus The elite knew better than us surfs. Corona was a play.
Source: Forbes - 🏆 394. / 53 Read more »

From “Poor As Hell” To Billionaire: How Tyler Perry Changed Show Business ForeverLast year, Perry might have avoided shooting in Atlanta’s July sun, but in this coronavirus era, you take any window you can, and “Camp Quarantine” at his Tyler Perry Studios is trying to pioneer post-pandemic entertainment making. MadelinePBerg Rate this clip out of 10 MadelinePBerg He’s living the American dream right? MadelinePBerg Tyler Perry, the poor genius that broke the back of poverty into billion dollar pieces.
Source: Forbes - 🏆 394. / 53 Read more »

Microsoft buys Bethesda, the company that makes hit games Fallout, The Elder Scrolls, for $7.5 billionMicrosoft announced Monday that it will buy ZeniMax Media, the company that owns well-known video game publisher Bethesda, for $7.5 billion in cash. Oh good, maybe we'll finally get a good Fallout Game again. Serious question. Can Microsoft buy out FOX? We need to take it down. It’s the main source of misinformation for many. Maybe some patriotic billionaire or company like Microsoft can buy it out, rebirth it as WOLF or something to finally feed people actual facts, not propaganda Todd Howard is a Microsoft employee now.
Source: CNBC - 🏆 12. / 72 Read more »