732-530-8400
cpowers@navesinkloans.com
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Colin Powers

NMLS ID 20521

732-530-8400 cpowers@navesinkloans.com

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Happy Halloween

All of us at Navesink Home Loans, LLC would like to wish you and your family a safe and Happy Halloween. Thank you for being such a valued partner or client. All the Best, Navesink Home Loans, LLC.

October 31st, 2018 Happy Halloween

What is a Reverse Mortgage?

In the past decade, reverse mortgages have gained a lot of traction as a retirement tool. And yet, many people still do not understand reverse mortgages or their purpose. If you are one of those people, here’s what you need to know: What Is It? A reverse mortgage is a loan that allows borrowers to pull equity out of their home without having to make monthly repayments. While there are some risks and downsides, reverse mortgages can be a helpful financial strategy for some retirees. How Does It Work? After being approved, the borrower gets either a lump sum from the bank or mo...

October 24th, 2018 | Reverse Mortgages, What is a Reverse Mortgage?