Is The Interest Rate On A Home Equity Conversion Loan Competitive

Dated: 09/28/2017

Views: 1209

This loan sounds too good to be true.  What is the catch?  
Am I going to get 'dinged' because I don't make an interest payment? 

Here are the basics:

  • one borrower must be a min of 62 years old

  • put as little as 40% down on your home

  • keep paying Taxes, Insurance and HOA

  • and never, never make a mortgage payment again.

Blog author image

Irene Hammond

My goal is to assist you in finding the community and the home within that community where you will be happiest and to do it in as stress free a manner as possible. Together we will discover a place w....

Latest Blog Posts

Considerations With A Fixer-Upper

We’ve all watched the HGTV programs that show a run-down old house transforming into a dream home. Tackling a big renovation project on an outdated property can indeed pay off big—both

Read More

OPEN HOUSE SAT SEPT 22nd From 12-5pm

Come by and say, "Hi"Chandler Open House! Sat Sept 22nd From 12-5pmBuyers Wanted! Grant Programs Available! Powered by eXp Realtywww.3Bedrooms2Baths

Read More


Bathrooms can be the most difficult places in our homes to keep clean. However, with a few clever changes and upgrades, it can be much easier to clean and maintain your bathroom.No-Touch Faucets:

Read More

Fall Gardening in Arizona

Fall Gardening in ArizonaSeptember 2018It’s Fall in Arizona, the biggest planting season!  Now is the best time to get your soil ready and plant your garden.Prepare beds for fall&

Read More