Reverse Mortgage lenders Rhode Island

rhode island reverse mortgageoption is one of the most effective financial tools available to seniors in the state of Rhode Island who wish to convert the equity in their homes into spendable cash.

Reverse Mortgage Rhode Island Information

Reverse mortgages in Rhode Island are designed to help seniors secure a steady stream of income for retirement. This is the entire purpose they serve. They are fast and simple to get. You must be at least 62 years of age and own a home with equity built up in it. If this is you, you’re ready to contact a mortgage lender to explore your reverse mortgage options.

The money you receive through your reverse mortgage can be spent on anything you want or need to spend it on. It can be used to take care of medical expenses, living costs, debts, and more. You can even use it to take a luxurious vacation if you like. Find out more about how a reverse mortgage can benefit you by reading through our reverse mortgage information page.

In a reverse mortgage, your lender takes over the equity of your home and pays you back for it minus loan expenses. You can choose to receive this money in a number of forms.

  • You can get it all at once when the loan starts. This is known as the lump sum option.
  • You can get it on a monthly basis, in payments, as an income stream.
  • You can get it as a credit line, which allows you to access the money when you need it.

If none of these is right for you, you can combine two or more of the above options to create a customized payout plan for yourself that fits with your own personal goals.

Your lender may own the equity of your home, but your lender does not own the home itself. The title or deed remains in your name at all times during a reverse mortgage. You don’t need to worry about losing your home, even once the equity runs out. You can live in your home for the rest of your life without making any payments either on your original mortgage, which is eliminated by the reverse mortgage, or the reverse mortgage itself.


YOU MIGHT ALREADY OWN YOUR HOME FREE AND CLEAR

2009-04-05 19:00:36 by Apprsr

FIND FRAUD, FORGET FORECLOSURE
YOU MIGHT ALREADY OWN YOUR HOME FREE AND CLEAR AND JUST DON’T KNOW IT YET.
By
Iris Martin, author of “MORTGAGE WARS: HOW YOU CAN FIGHT FRAUD AND REVERSE FORECLOSURE
Want some good news? Ironically, your mortgage lender’s haste to securitize your loan has provided you with a security blanket that protects you from foreclosure. In fact, you probably already own your home free and clear and just don’t know it yet. Consider this reversal of misfortune divine intervention against a greedy global conspiracy aimed at defrauding you and stealing your home

FIND FRAUD, FORGET FORECLOSURE

2009-06-18 16:20:19 by Apprsr

IntroductionCopyright © 2009 - 2010 YourMortgageWar.com All Rights ReservedTITLE:
FIND FRAUD, FORGET FORECLOSURE
Subtitle:
It's Time To Cock And Load
By
Iris Martin, author of “MORTGAGE WARS: HOW YOU CAN FIGHT FRAUD AND REVERSE FORECLOSURE
Want some good news? Ironically, your mortgage lender’s haste to securitize your loan has provided you with a security blanket that protects you from foreclosure. In fact, you probably already own your home free and clear and just don’t know it yet. Consider this reversal of misfortune divine intervention against a greedy global conspiracy aimed at defrauding you and stealing your home

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  • Avatar Melinda H Where can I find a Reverse Mortgage lender in Texas?
    Aug 03, 2006 by Melinda H | Posted in Other - Business & Finance

    I have a home in San Antonio, TX on which I have quiet a bit of equity. I would like to get a HECM Reverse Mortgage and need a lender that specializes in Reverse Mortgages in Texas.

    • Hi, you can go to and visit that website to find a Reverse Mortgage lender in San Antonio or Texas.