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Reverse Mortgage Calculator
Before you get access to the easy free Reverse Mortgage Calculator available on the bottom of this page, here is a helpful article for you about Reverse Mortgage Loans...
Why Get a Reverse Mortgage Loan?
Reverse mortgages are very flexible - here you will learn some ways that you may benefit and how they compare with regular home equity loans.
How a Reverse Mortgage Will Benefit You?
It will help increase your cash reserves...
- reverse mortgages allow you to set up a line-of-credit (a "cash account") and draw funds whenever you wish
- stop worrying/increase your peace of mind - with a cash account for "rainy day" expenses, emergencies, unexpected needs, larger than expected costs
- improve your everyday life by increasing your immediate financial capacity; have more cash readily available to enhance daily living; untighten your monthly budget
- increase your financial flexibility with a cash account so you can take advantage of future opportunities: buy at a bargain price, get married, do it now while you can
- you can repay some or all of your cash account principal, then draw some or all of the money out again whenever you wish
It also helps increase your monthly income...
- reverse mortgages allow you to set up regular monthly cash advances (commonly called a home tenure plan)
- get rid of your monthly payments (mortgage, home equity loan, credit card debt)
- get tax-free monthly income (loan advances to you are not taxable)
You can discover more powerful information on Reverse Mortgages in this free, helpful guide.
Also here you can find a free Reverse Mortgage Calculator tool to help you calculate your mortgage right from the beginning.
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