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How A Reverse Mortgage Works

By Team iBizExpert On April 03, 2022 12:13 AM No Comments

Ever wonder how a reverse mortgage works? People who have lived in the same house for a long time could be sitting on a gold mine. In the last thirty years, home prices have gone up a lot, and in the last ten years, they have nearly doubled...

Bank Of Canada Announces A New Interest Rate Hike!

By Team iBizExpert On March 17, 2022 01:05 AM No Comments

The Bank of Canada says that it will raise interest rates again. The recent rise in the value of the Canadian dollar might not have been the best or the worst thing for the Canadian economy. When the dollar hit a 30-year high of just under.94...

Why Mortgage Rates Rise When the Fed Cuts Rates

By Team iBizExpert On February 16, 2022 02:58 AM No Comments

When the Federal Reserve cuts interest rates, short-term loans like car loans, credit cards, and home equity loans automatically get cheaper because they are based on the Prime rate. Long-term loans like mortgages aren't because they're based on...

Reverse Mortgage Lenders

By Team iBizExpert On February 14, 2022 05:51 PM No Comments

You've decided you need a little extra help to meet your monthly financial obligations. A reverse mortgage is one of the best options for people over the age of 62 who own their own home. Instead of you giving money to the bank every month, the...

Reverse Mortgage Information - Who Qualifies For Reverse Mortgages

By Team iBizExpert On February 14, 2022 05:40 PM No Comments

Reverse mortgages can be a great option for seniors who want to stay in their home but are having trouble making their monthly payments and meeting other financial obligations. If you are over 62 and own your own home, the bank will pay you money...

California Reverse Mortgage Loans Unlocks Home Equity For Seniors

By Team iBizExpert On February 09, 2022 10:06 PM No Comments

Since the U.S. Department of Housing and Urban Development (HUD) made one of the first, reverse mortgages are becoming very popular with seniors in California. A California reverse mortgage lets older people get more money than they would...