Are you planning of becoming a homeowner but feel like traditional mortgage routes are out of reach? A senior loan, also known as a 62 loan, might be the perfect solution for you. This flexible financial instrument allows homeowners aged 62 and older to access a portion of their equity without having to make monthly payments. Discover how

On the flip side, missing payments could negatively effect your credit score rating. “If another person falls at the rear of with a mortgage or defaults, a creditor will more than likely report the adverse expertise whether or not the creditor Commonly isn't going to report at all,” claims Stouffer. When you've got a insignificant money need