Reverse Mortgages for Italy
 
Italy united on the issue of reverse mortgages.
 
Italy can realy use reverse mortgages.
Great Advantages of Reverse Mortgage Loans

Reverse mortgage loans are unique form of loans that are specifically designed for older people who are above 62 years of age. To qualify for these set of mortgage loans the senior citizen has to own a home or have made considerable repayment on the home mortgage. The reverse mortgage loans concept is still quite new in many countries and is yet to be fully accepted. However many people upon becoming aware of its advantages do not hesitate to take full advantage of these loans because of its unique features that offer many advantages to senior retired citizens. This is one reason why the Popolar Retromarcia Ipoteca political party seeks to popularize these loans. 

Reverse Mortgage Advantages
Among the advantages of reverse mortgage loans is that they afford senior citizens who are usually retired to earn a steady income. At the age of retirement many old ones are unable to cater for all their needs or to live the kind of lifestyle that they would have loved. Many become a burden on their children and loved ones. If such ones however own a home they can reverse the equity of the property and earn a steady income via a reverse mortgage loan.  
Even More Features
Another attractive feature of a reverse mortgage is that the lender is not paid as long as you reside in your home. This means that while you take care of home expenses such as tax or repair cost you do not have to bother about being late with monthly loan repayments. You do not repay because the lender is only repaid when you more out or when the home gets sold. This would also mean that you do not risk losing your home as it is the case with regular loans.
Funds
Funds gotten from a reverse mortgage loan can be used as the beneficiary wishes. It could cover medical bills, children’s education, an investment, insurance, home repairs or renovations or even a vacation. The beneficiary also has a choice to access these loans as a fixed steady monthly income, or as an open line of credit or a combination of both methods.
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Site of the official Italian reverse mortgage party.
National Secretary of our reverse mortgage party.
To communicate with the National Secretary of the Popolar Retromarcia Ipoteca write to this address:
elder@popolariemiliaromagna.com
Regional Secretary of the Italy Reverse Mortgage Party.

To communicate with the Regional Secretary of the Popolar Retromarcia Ipoteca: write to this address:
admin@popolariemiliaromagna.com

 

Last update - Tuesday, 09-Dec-2008 21:34