Reverse Mortgage Pineville, NC
Reverse Mortgage in Pineville, NC 28134
You can use a Mecklenburg County reverse mortgage as a homeowner to increase your income to help pay for retirement or other costs. Before choosing mortgage programs, it’s also crucial for you to be aware of the eligibility and qualification standards because not everyone is eligible for this loan. We advise professional consultation before submitting an application for this kind of mortgage.
If you want to know if a reverse mortgage is the best choice, get in touch with the leading reverse mortgage lender, Jet Direct Mortgage in Pineville, NC, immediately and talk to an expert by calling at 855-553-4732.
Benefits of Getting A Reverse Mortgage
New Income Source
In addition to more conventional investment choices like bank fixed deposits, national savings certificates, post office schemes, etc., reverse mortgages are a source of additional income.
Reverse mortgage income can be used by senior folks for any purpose, including household costs, medical expenses, travel, debt repayment, and necessities. There are no limitations on how this income may be applied.
Improved Property Use
Typically, income from owned real estate may only be generated when it is rented out or sold. Reverse mortgages enable senior persons to continue living in their homes while earning income from them. The spouse of a senior citizen who owns the home may continue to live there even after their passing. A win-win situation exists.
Reverse mortgage income from refinance company like Jet Direct Mortgage in Pineville, NC is completely tax-free. This entails that you can invest this revenue in any financial instrument to generate additional profits in addition to saving on taxes. With the same revenue, you are making more money. Give us a call at 855-553-4732 for more information about reverse mortgage.
No Monthly Payments
A reverse mortgage enables qualified borrowers to remain in their house without making monthly mortgage payments for the rest of their lives. Compared to a conventional forward loan, a reverse mortgage has substantially lower income requirements.
No Need To Sell Your Home
Some retirees believe that selling their home is the only way to remove cash from it during retirement, but this is untrue. With a reverse mortgage, you can access your home equity without relocating or selling your house while maintaining title to the property, making you the legal owner of the property.
Flexible Payment Alternatives
Your reverse mortgage loan proceeds may be disbursed to you as a lump amount, credit line, annuity, or a mix of the aforementioned in accordance with the loan type you select. With the line of credit option, you may guarantee quick access to money when you need it, such as in an emergency or to assist a surviving spouse in managing cash flow, without the burden of having to refinance later in life.
Who makes a strong applicant for a reverse mortgage?
A reverse mortgage has certain benefits if you own your house but have little savings but an amazing credit score. If you want to reduce monthly payments, this is the right program for you. One-third of American households have no retirement savings. Your monthly budget may feel less squeezed after getting a reverse mortgage at a low-interest rate. It can supplement Social Security and aid with the unavoidable rising cost of healthcare since most senior individuals live on fixed incomes.
Our Mecklenburg County reverse mortgage professionals at Jet Direct Mortgage in Pineville, NC, complete a rigorous training program and licensing procedure. Additionally, we teach our staff members interpersonal skills and customer service. Our loan officers are extremely knowledgeable as a result, and they work hard to impart as much of that knowledge to you so you can make an informed decision. Our team will devote their whole attention to your circumstance because it is special and one of a kind. Call the best in Mecklenburg County at 855-553-4732 for more details.
Some information about Pineville, NC
Pineville is a suburban town in the southernmost portion of Mecklenburg County, North Carolina, United States, situated in the Waxhaws district between Charlotte and Fort Mill.
Pineville was changed forever when the initial segment of Interstate 485 opened to traffic. Although the one-mile (1.6 km) stretch connecting interchanges at NC Highway 51 and South Boulevard was designed to divert through traffic around Charlotte via a freeway loop, I-485 incidentally passed directly through Pineville.
In the years to follow, largely undeveloped land adjacent to Pineville’s two I-485 interchanges exploded into what is now the largest shopping district in North Carolina. With nearly 8,000,000 square feet (743,000 m2) of retail space, Pineville is home to the 1,100,000-square-foot (100,000 m2) Carolina Place Mall, at least two and many strip malls, outparcels and free-standing retailers.
Pineville has, historically, been a textbook example of urban sprawl. Because its growth was largely motivated by the introduction of a freeway to the area, the Pineville shopping district generally requires a motor vehicle for access. Despite 8,000,000 square feet (743,000 m2) of new retail space, the population of Pineville in 2000 (3,449), was barely greater than it was in 1990 (2,970). This was partly a consequence of Pineville’s geographic location. Sandwiched between Charlotte and the South Carolina state line, Pineville cannot expand its municipal boundaries. Substantial undeveloped land available prior to the introduction of I-485, was rapidly purchased by developers and approved for retail use nearly without exception, quickly sealing Pineville’s fate as a place that is known to many but home to few. This is an example of the criticism that sprawl causes excessive single-use zoning. The 2010 census, however, gave Pineville a population of 7,479-more than double the population it had in 2000-so the trend seems to be reversing.