(PRWEB) April 29, 2014
IraSuccess.com, an online resource for individual retirement planning, now offers a reverse mortgage helpline for seniors. Reverse mortgages are a valuable way for seniors to use the equity in their home to maximize their income during retirement.
It is not uncommon for seniors to have a multitude of questions when it comes to reverse mortgages and planning for retirement. The new Reverse Mortgage Helpline, at 855-956-4824, will help answer questions such as what is a reverse mortgage and how much money can I obtain from a reverse mortgage.
“Many options come up when planning for retirement or even while you are retired. IraSuccess.com wants to be there for you at any point in your planning process. Our Reverse Mortgage Hotline is a new part of that and our experts are ready and waiting to help any senior in need,” stated Roy Weissman owner and founder of IraSuccess.com.
There are distinct differences between a regular and reverse mortgage. A regular mortgage has credit requirements and must be paid back to the lender. Whereas, a reverse mortgage offers a homeowner access to the equity built in homes for older homeowners without the need to pay back the loan within his or her lifetime.
In order to capitalize on the advantages provided by a reverse mortgage, senior homeowners need a certain amount of equity in the home and, based on their age and other factors, can utilize their equity to help pay for their retirement costs. Senior homeowners will also need to meet several legal requirements including; the applicant must be 62 years or older, the home is the primary residence, and the home has a permanent foundation.
For more information about IRAs or planning for retirement please visit: IraSuccess.com. To reach the Reverse Mortgage Helpline please call 855-956-4824.
Established in 2014, IraSuccess.com is the site for information about individual retirement plans including Traditional and Roth IRAs, 401k plans, Simple and SEP IRAS, as well as many others. Users can compare from over 12 major brokers as well as stay up to date on all the need to know information regarding individual retirement plans. With years of experience in individual retirement planning, our experts are here to help you get started in investing in an IRA today! For more information please visit http://www.IraSuccess.com.