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Home / Blog / Posts tagged with repayment

Posts Tagged 'repayment'

Did You Know? Reverse Mortgages Allow Interest Repayments

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You may think you understand reverse mortgages—and you probably do. They are, simply put, a type of mortgage that allows you to receive payments from your home equity rather than make them. It’s a negatively amortizing loan, meaning the balance grows over time, instead of falling. But there are some benefits that borrowers might not consider initially, that give reverse...
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make Repayments for an Increased Line of Credit or Tenure!

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Bonnie B. has sent the following question in the ask ARLO! blog: My interest and Mortgage insurance are adding $1,100.00 to my principal each month because my rate has gone up 2% in the last year---my Line of credit has $60,000 and grows by $245.00 a month. I would like to start putting my prepayments on the unpaid principal....
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When Does a Reverse Mortgage Need to be Paid Back?

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Carole has sent the following question in ask ARLO! blog. Hello. My step-mother is in her 80's, has dementia, and is the sole Trustee of a Family Trust set up by my father years ago. My brother and I are the beneficiaries. A few years back her neighbors advised and assisted her in placing the house (which had been assigned...
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Why Does a Reverse Mortgage Have a Balloon Repayment?

    4 comments
With regard to balances going up and equity going down, this sounds like those nightmare balloon situations one hears of. Is the rate of interest fixed for the life of the loan, and is it possible to make payments against principle? You packed a lot into a very short comment/question! Any time a loan has a single repayment instead of...
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How does a reverse mortgage work for heirs?

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Question #1 HOW MUCH INTEREST IS ACCUMULATED ON A $100,000 REVERSE MORTGAGE AT THE END OF 10 YEARS TO PAY BACK.. Question #2 WHAT IF YOUR HOUSE PROPERTY DEVALUES WAY BELOW AMOUNT GIVEN AND YOU HAVE NO WAY TO ECONOMICALLY PAY BACK..EA.HOUSING SLUMP.... Question #3 HOW DOES A REVERSE MORTGAGE WORK FOR MY HEIRS? IS IT POSSIBLE TO PUT ONE...
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