Knoxville Mortgage Lenders

Chattanooga Mortgage Lenders

Reverse Mortgages vs. Traditional Mortgage or Home Equity Loans

A reverse mortgage is the opposite of a traditional mortgage. With a traditional mortgage, you borrow money and make monthly principal and interest mortgage payments. With a reverse mortgage, however, you receive loan proceeds based on the value of your home, the age of the youngest borrower, and the interest rate of your loan. You […]

Johnson City Mortgage Lenders

Let Your Home Take Care of You with a Reverse Mortgage/ Home Equity Conversion Mortgage

Reverse Mortgages for Seniors 62+ We have all the information to help you understand what a reverse mortgage is, and if it is right for you or someone you know. Reverse mortgages were created specifically for senior homeowners, allowing them to make the most of the equity they have acquired in their homes. With a […]

Knoxville Mortgage Lenders

How Much Money Can One Borrow in a Reverse Mortgage?

In general, the more your home is worth, the older you are, and the lower the interest rate, the more you will be able to borrow. The maximum amount that can be borrowed on a particular loan program is based on these factors: * The age of the youngest borrower at the time of the […]