Inverse mortgage

The inverse mortgage is a financial product that grants a credit, with an agreed monthly revenue, to major persons with the guarantee of the housing in which they live, respecting the property of the holder up to his death, after which the heirs must return the credit or sell the property.

They are designed for persons of at least 62 years of age and that the mortgage on the housing has been paid completely.

For many experts, the inverse mortgage has turned into a solution, in a moment in which the real estate represents 80 % of the patrimony of the families and the average pension that pays the Social security is about 687 euros a month, what it does not reach to cover all the needs of the elders, especially the care on the part of personnel specialize

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#1, Mention from Euribor.com.es
On March 1, 2006, at 6:05.

Euribor 2006: A credit for the whole life »: Nevertheless, thanks to the inverse mortgage, a mortgage credit directed to the persons of the third age, owners...

#2, Mention from Euribor.com.es
On October 2, 2006, at 3:31.

The Inverse Mortgages - Euribor warns the AHE on 2006: Value of the Euribor and mortgages: Recently Mayayo (the president of the Spanish mortgage asiciación) warned on the inverse mortgage, a product that allows to...

# 1, veronica

On October 11, 2006, at 9:03.

hello. I am interested in the thing with the inverse mortgage … if you could say to me of that it is a question. thank you

# 2, jorge martinez

On February 2, 2007, at 2:24.

I am interested in information about inverse mortgage, especially to which age can be done

thank you

# 3, Gilberto

On February 2, 2007, at 6:32.

The age is usually from 70 years, although the banks do not close the doors to those that they have between 65 and 69, although they warn them of the low monthly salaries that are going to receive by his biggest life expectancy.

More information:
http://revista.consumer.es/web/es/20060601/pdf/informe.pdf

-2

# 4, José Miguel

On March 3, 2007, at 14:12.

I am 59 years old, am retired by illness, and have a housing of my property in Malaga, completely paid out and without some load, he would want to promote it for what he would be grateful to them for information on this matter.

# 5, Gilberto

On March 3, 2007, at 17:48.

If it is your habitual housing and you are thinking about an inverse mortgage, read yourself the comments and linkage that appear above. For your age, you are not interested in. Another possibility is to rent rooms for students, for example. If it is the second housing, he thinks about the rent or about the sale (the latter case if you need liquid).

# 6, beatriz

On May 10, 2007, at 17:03.

If they want information about the inverse mortgage, they can find it going to http://www.optimamayores.com or calling straight. They are specialists in these topics and they can advise them of completely independent form attending on the needs for his concrete case and without any type of commitment.

# 7, josan

On June 17, 2007, at 13:23.

Care with the opening commissions, payment in advance of insurance of damages and other expenses, that they make the capital limited greatly. It is suitable to pay attention to the calculation of the interests, since they are calculated in some cases on the whole of the loan from the first day (as if the quantity had been received to the finished one) instead of they are calculated on monthly or annual stretches really perceived by the owner of the housing and percipient of the revenue.
It would be desirable that the public powers were controlling this activity of the banks before the denunciations by swindle (of the heirs) are generalized. Our biggest pueder to be an easy target of the bank speculators before the promise of a revenue vitalia.

# 8, Tuko

On June 28, 2007, at 21:12.

Someone the banks or boxes that offer it?
Ibercaja, caixa galicia and cajasol they offer it between his products but I would like knowing if there is more that they do it

# 9, carmen brave

On November 13, 2007, at 19:19.

he would wish more information about the banking institutions that use this product
a greeting

# 10, jorge

On January 22, 2008, at 10:53.

hello,
before the comments of which entities realize this product, to say to you that in Caixa Terrassa, we go offering this product for several years. If you want more information you can contact with us in ct.0273.3@caixaterrassa.es

a greeting

# 11, frames

On January 25, 2008, at 18:18.

We are from Soria, two 71 and 65-year-old brothers. BOX DUERO has an inverse hipoteva for us as I detail: teneindo in account my age that is that of 65 years, has given us a credit of 80 % of the value of appraisal of our housing and distributed monthly for twenty years.Estamos single and we have no heirs.

# 12, victor

On February 5, 2008, at 13:26.

I believe that the inverse mortgages are an authentic solution for those major that having a free property of charges they have not enough money to live every month.

# 13, Fran Diaz

On March 12, 2008, at 17:16.

Does anybody know if there exists an inverse mortgage or similar product applied to areas, lots, plots, rustic farms, … I occur rarely in general?

I will publish the same question in my Owners' Areas blog, I hope some bank answers it to me:

http://ofimaticaavanzada.com / wordpress /

Greetings!
Fran Díaz.

# 14, Josep Jorge

On April 21, 2008, at 9:16.

I am the person in charge of the company to Retire in House, specialized in offering solutions with the best inverse mortgage for major and dependent persons.
I recommend them consult our web http://www.jubilarseencasa.es so that THEY could HAVE ALL THE NECESSARY INFORMATION TO EVALUATE PERSONALLY IF IT IS CONVENIENT FOR THEM TO HIRE AN INVERSE MORTGAGE.
We believe firmly in the informative transparence, for which they have a pretender, a paragraph of questions and frequent answers and a paragraph of noticias/blog.
If it needs it, to Retire in House, like specialists in Inverse Mortgages, will help him to identify and hire the best Inverse Mortgage adapted to his needs, solving personally all his doubts to him. http://www.jubilarseencasa.es

# 15, FERNANDA WEEDED

On May 28, 2008, at 16:21.

The Inverse Mortgage is the suitable vehicle to obtain liquidity from his housings without resigning for it from the use, not much less, to the property of his house. Thanks to the Inverse Mortgage, many major Spanish are already confronting today this stage of his life with the necessary economic resources to live with the dignity which they were lacking before these products were commercialized in Spain. Recently, for example, it has been said that the real estate crisis is not having due success, when nevertheless the reality is that, in Ideal Major we are perceiving a clients' major inflow that, put off of keeping on lowering the price of sale of his houses, they come to the Inverse Mortgage to obtain economic resources without need to undersell his building in full real estate crisis. As soon as the Inverse Mortgage was signed (that allows to obtain a capital, in addition to a guaranteed Monthly Revenue of for life) they can wait peacefully to which the real estate crisis happens, to sell the housing at his price and to undo the Inverse Mortgage, operation that, certainly, it is possible to cancel in any moment or to support with life character, to free election of the client.

#18, Mention from Prestamosfinanciacioncreditoshipotecas.com
On June 24, 2008, at 17:26.

FINANCING - MORTGAGES - CREDITS - LOANS »6 calculated orange mortgage: Inverse mortgage - Euribor

# 16, Josep Jorge

On July 18, 2008, at 22:11.

In addition to being able to bring a pension complement to the biggest and to providing of liquidity to the real estate market in the current phase of the cycle, the Inverse Mortgage acts like element of redistribution of wealth inside the familiar nucleus in life of the owners.

The parents can help his children or relatives to relieve his economic difficulties "advancing" part of the heredity without they compromising the property of the housing and keeping on residing in her.

To receive more advices as these and many other possible applications of the Inverse Mortgage, they can contact with us in www-jubilarseencasa.es or to call the T. 935530764 and an adviser will attend to them free and without any commitment.

Josep Jorge
DG Jubilarse in House
Before the difficulties, Solutions with the Best Inverse Mortgage!

# 17, Roberto

On July 28, 2008, at 23:35.

The inverse mortgage solved one of the problems of my mother who is 87 years old. Now it is already not a load for us and we it have arranged across Ideal Major (http://www.optimamayores.com) that have treated us more than well.
Completely advisable if you have the same problem that we had (my mother, in spite of having a house valued for 800.000 Euros was lacking liquidity!!).

# 18, fco fields molina

On August 9, 2008, at 18:22.

this mortgage system hinversa, it can be interesting, although it should not pay fiscally, you prop the state it should contribute his sand granite route subsidy to the interests since after all major that we need this monthly money it is to spend, which generates more VAT, then more income for the government. In ffin it is well but with tones, I am ready to compromise with some entity, a greeting

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