Credit Card Balance Transfers & a Illinois Reverse Mortgage - Z Reverse Mortgage
How to manage overall credit card debt can be a big challenge and you may be flooded with offers claiming that an effective way could be transferring your credit card balance. But before deciding on something like this it is always advisable to have a look at the pros and cons of such a step.
How to manage overall credit card debt can be a big challenge and you may be flooded with offers claiming that an effective way could be transferring your credit card balance. But before deciding on something like this it is always advisable to have a look at the pros and cons of such a step.
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A very popular option to pay off a lot of<br />
credit card debt is a reverse mortgage. Also<br />
known as the Home Equity Conversion<br />
<strong>Mortgage</strong> (HECM) which is a governmentinsured<br />
loan. The <strong>Reverse</strong> <strong>Mortgage</strong> helps<br />
the senior citizens get a portion of their<br />
home’s equity to obtain funds which are tax<br />
free and will not involve any monthly<br />
mortgage payments.<br />
References<br />
useful article on balance transfer by Lynnette Khalfani-Cox, 6/12/13,<br />
http://www.aarp.org/money/credit-loans-debt/info-06-2013/tips-on-creditcard-balance-transfers.html<br />
ZRevese<strong>Mortgage</strong>.com
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