Silverboat - Reverse Mortgage Loans

Creating your own account allows you to store data, create a “crew list” to email data to others and if desired, to arrange a “crew meeting” over the internet and phone.

A Reverse Mortgage loan must be a first lien. Any current loans or other liens must be paid off with the Reverse Mortgage funds. Other liens could be an existing mortgage, a home equity line of credit, unpaid tax liens or liens placed by vendors for items such as new windows, new heating and a/c installations.

	What’s a Reverse Mortgage?
	Who’s Eligibile?
	Uses of Reverse Mortgage Loans
	Top Reverse Mortgage Concerns
	Saying No to a Reverse Mortgage
	Adult Children Involvement
	Loan Approval Process
	Annualized Growth Rate
	Rates, Margins, Adjustments & Caps
	Loan Payout Options
	Types of Reverse Mortgages
	Comparisons
	Loan Closing Costs
	FAQ
	How Much Can You Borrow?

Education

Uses of Reverse Mortgage Loans

Reverse Mortgage loans appeal to Seniors because of: (1). the need for additional cash or income, (2). quality of life issues, and for (3). estate planning purposes. A common theme with Seniors is the desire to stay in their home as long as possible.

Recent studies reveal the top uses of Reverse Mortgage loans:

To assist with the payment of increased hospital, health care, and daily living expenses
To pay off a regular home loan and eliminate monthly house payments
The need for financial independence by reducing reliance on loved ones for financial assistance
Quality of life issues; do more than just "get by" each month

Alert 1

| top

Sponsored by Grand Bank N.A.

This website has been created by and is maintained by Silverboat.com, which is solely responsible for its content. This is not an offer or a loan commitment. Nothing contained herein shall be construed as legal advice; if you have questions regarding any legal issues you should consult a qualified and licensed attorney. Silverboat.com is a registered trademark of Encore Partners 321, LLC. The Grand Bank logo is a registered trademark of Grand Bank N.A., a federally chartered Bank and equal opportunity housing lender, and is used with permission.