Ohio Reverse Mortgage From Cincinnati to Cleveland, Reverse Mortgage Page has provided reverse mortgage information to thousands of Ohio senior homeowners. We have the reverse mortgage facts you need and we have relationships with the best, most reputable Ohio reverse mortgage lenders.
Most people know that reverse mortgages are for homeowners 62 or over and are "house-rich cash-poor." This is true, but ...
More than just house-rich, cash-poor, reverse mortgages can be used for homes with very high values. In fact, a reverse mortgage was once performed on a 30 million dollar home. The key is the needs of the homeowner, not the value of the house. If you have a substantial amount of cash in investments for example, a reverse mortgage may not be for you. However, even if you have cash on hand, a reverse mortgage may be a skillful way to give children a part of their inheritance.
For instance, one senior homeowner in Ohio did a reverse mortgage becuase his son needed money. He was going to leave his home to his son, but his son wanted to start a business. By getting an Ohio reverse mortgage, he was able to give his son his inheritance now instead of waiting ten or fifteen years. We don't know how the business worked out, but the Ohio reverse mortgage came off without a hitch.
Click Ohio reverse mortgage to learn about reverse mortgages starting with our homepage. It will guide you through the process giving you the facts you need.
Another good resource for Ohio seniors:
Ohio Department of Aging
50 W. Broad St./9th Floor
Columbus, OH 43215
1-800-266-4346
TTY: (614) 466-6191 |
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