I have looked everywhere I could thin k of on the internet to find a calculator to approximate the payback costs of a reverse mortgage when the loan is due. I can not find anything that can help me.
Does anyone know how to figure this cost out? Assuming the loan would be called due in 15 years.
APR 2.37%
Value of home $ 616,000.00
Total money borrowed at closing $ 245,000
NO OTHER ADVANCES FROM THE AVAILABLE CREDIT.
I hired someone to do this for me and it hasn’t been working too well. I’m tired of forking out a LOT of money and not getting good results. Any info would be greatly appreciated.
I don’t mind if they call on my cell phone because I owe them the money and they have every right to call me, so they can collect their money, but I don’t want them calling my work. They call 3-5 times a day and my manager is getting pist off. He told me that [...]
give americans with steady employment a pass on their credit scores to help get loans that could stimulate the economy instead of billions to banks that are pocketing the money. come on people we need to have a voice!
It’s been years and finally we are not carrying debt. I know the next step is to learn how to budget better and save for big things like a house. Right now, our credit is good, we use one credit card which is paid every month, but my husband and I seem to charge a [...]
Recent Comments