Many homeowners age 62 and up find themselves short on cash even though they own their own home. The reality of living off of social security, savings and perhaps a pension is often harder and expenses often larger than anticipated and saved for. Reverse mortgages can offer a way to improve older homeowners’ financial situation.
Almost every homeowner starts out with a mortgage, making monthly payments towards owning their home outright. The lending bank calculates how much is due each month and what portion of each payment goes towards principal and what portion goes towards interest.
Heroes can be super human or perhaps even better, heroes can be those who live in our communities and make our lives better every day. Beloved and celebrated, heroes turn ideals into action, demonstrating admirable qualities that we can all look up to.
Jordan Goodman talks with Bill Westrom, CEO of Truth in Equity, about ways to pay your mortgage off years faster than expected using the strategy of mortgage equity optimization on this episode of Money Answers TV.
Jordan on Fox News discussing the deficit and how you can pay off your mortgage in 5 to 7 years instead of 30 years by using a strategy called Mortgage Equity Optimization. You can find out more about it by clicking here.
Jordan discusses low mortgage rates & higher bank fees on the View. Find out more about Mortgages and Mortgage Equity Optimization and how to save on credit card fees.