An appraisal on your property to secure a reverse mortgage can be confusing. There is a lot of jargon that isn’t explained and specific requirements that must be done from the appraiser. Our company, Shop Reverse Mortgage, understands this and seeks to make the appraisal process easy and painless for our customers.
To take a step back, a reverse mortgage is a retirement tool for seniors over the age of 62. This financial product is useful for seniors because often times seniors will find themselves to be cash poor but house rich. This is because over the course of their traditional mortgage, the person or couple have built up significant equity in their home over the course of multiple years, usually between 15 to 30. ..Read More>>