Are Reverse Mortgages Safe?

Benefits to Mortgage Debt

In order to buy a house, most Americans take on a mortgage loan. While debt is usually to be avoided if possible, when it comes to a mortgage there may actually be some financial benefits for borrowers. Liquidity If you dump all your extra funds into paying off your mortgage, you may be in a tight spot if you face a financial emergency. Family deaths, divorce and health traumas are just a few things that can quickly rack up enormous debts. If you do not have a sizable emergency save up and you have been sinking all disposable cash into your home, you may end up selling your home to pay f...

June 5th, 2019 | Debt, Credit, Mortgage, Benefits to Mortgage Debt

Vintage Lending

770 E. 4500 S., Suite 220, Salt Lake City, Utah 84107
Phone: 801-809-7283 | Fax: 801-999-7747
Company NMLS: Vintage Lending
IDAHO (Mortgage Broker/Lender License #MBL-7662)
UTAH (DRE Mortgage Entity License - #6713634)
CALIFORNIA (Mortgage License #CA-DBO241179)
FLORIDA License/Registration #: MLD1351
COLORADO NA
OHIO
ARIZONA

Rick's NMLS: 241179