All about Reverse MortgageEverything about Reverse Mortgage
Mortgage Solutions | Reverse Mortgage Solutions |
If you choose to obtain a reverse mortgage, you will no longer make any mortgage repayments on a month to month basis. There are several ways to get this cash - in the form of monetary amounts, a flat rate or a line of credit. What is more, you can get it in several ways. In order to see how much you are qualifying to use a reverse mortgage computer, choose how you want to get the cash and check reverse mortgage quotes to get the best one.
Your local dealer will lend you this amount on the basis of the actual value of your house. Ultimately the mortgage is paid back - either when the house is for sale or when you die - this involves the amount lent plus interest.
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António Flores' Blog " Reverse Mortgage Loans
You ever hear of The Danske Bank Kick in the Bollocks? That is the recent request from one of my customers to show me the note he had just got from his creditor, Danske Bank. In this sense, I would like you to lean back and think how you would be if, after a lifetime of working really hard, when you were about to enjoy the well-deserved pleasures of retiring, and you had put all your money into buying a wonderful Costa del Sol mansion, the following occurred (chronologically):
You' ve arrived in Spain after you have resold your real estate in the land where you have been living for the last 60 years, redeemed your annuity and drained your domestic banking account. You' ve purchased your nursing home with your lifetime saving, mortgage-free. Saturday, on a bright Saturday, a guy who happens to be a boyfriend of a boyfriend showed up for dinner with a smirk the size of a half-monkey.
A few glass of good glass of good old Spanish wines, and you' ve listened to a rather tedious story of what you think is a lively experience (perhaps for you, not for your new boyfriend), this guy you now think is a new boyfriend breaks you up with seeming agony, asking whether your kids are adequately shielded from the Spanish inheritance tax, which he comfortably markets as a lucky assassin.
You ask, and because he is in a rush, he abruptly and quickly provides you with a wonderful tool to make sure not only that your clean home is safe, but also that you receive a lifetime lump -sum settlement. that he works for Danske Bank and that he can help.
Her boyfriend has vanished, your belongings have an umbrella, the Danske Banks asks you to give back 850,000 euros that you have never seen, and then you will get the following mail (click to open in PDF format): Their own Danske bench, without you ever having to write to them, which was charged with the management, investment and returns of 1,030,000 (and which they reduced by 850,000 thanks to careful investments), which they took out of your house under the wrong pretexts, still has the agony,
in order to let you know that you accidentally ordered them to charge your (blocked account) 23,703 "LEGAL COSTS" to their own lawyer's bank in Spain, so that these lawyers...errr can take you to court and take possession of your house again after effectively losing your lifetime saving on a very risky, highly rated Luxembourg loan that was carefully pawned off to you.
You' ve now found out what "Danske Bank Kick in the Bollocks" is all about!