About Lanny Clark
For most people, a home is usually considered their most valuable asset. With that in mind, it makes sense to shop around for a mortgage in order to get the most cost-effective rate possible. That’s why many borrowers turn to a mortgage brokerage for…
What are Some of the Unique Features of a Reverse Mortgage?
What are some of the unique features of a reverse mortgage? A reverse mortgage is a “non-recourse loan”, meaning that the borrowers have no personal liability for the loan, so responsibility for repayment is transferred from the borrower to the home.…
How do Homeowners Use Reverse Mortgages?
Senior homeowners are finding that a reverse mortgage can be a cost-effective way of addressing some of their biggest financial concerns. For example, a reverse mortgage improves cash flow in retirement – free of income tax – allowing homeowners to…