About the European Banking and Reverse Mortgage Guide
The European Guide on Banking and Reverse Mortgage Loans is a comprehensive coverage on reverse mortgages in Europe. Reverse mortgage is a unique kind of mortgage loan designed for seniors above 62 years of age. The mortgage reverses the equity of their homes and thus provides them with an access to steady income. Seniors who meet the age criteria are expected to own and reside in their own home before they can benefit from reverse mortgages. Recently, interest has continued to increase on this unique kind of loans. Because of its features that are designed to help older people a lot of countries are encouraging reverse mortgage programs.
The European Guide on Banking and Reverse Mortgage Loans is a well documented and informative package on the various ways that reverse mortgages are being practiced across Europe. The guide presents the unique features of each country’s reverse mortgage program and the guiding laws in that country. With the European Guide on Banking and Reverse Mortgage Loans one can see how to qualify for reverse mortgages in various countries, the forms in which it is practiced and the guiding norms in those countries. For example in some countries in Europe the age of those who qualify for reverse mortgages is higher with a year or two than the standard 62 years. Some reverse mortgage programs also mandates that a counselor be sought before applying for any type of reverse mortgage loan while other countries only mandate it for some specific types of reverse mortgage loans.
This comprehensive European Guide on Banking and Reverse Mortgage Loans is designed to help both reverse mortgage practitioners in Europe as a reference point and guide and also to help seniors or people who are contemplating reverse mortgage loans. People thus are better equipped on what to do and what not to do. To order the guide please visit the “How to Order” page.