In this day and age, most everyone could benefit from a little extra income. Whether that income would lift monthly pressures of mortgage payments, finance a vehicle, or be put toward a well deserved vacation, Bank of Internet believes in helping homeowners create that extra stream of income to use as they see fit. After all, owning a home is a lot of work and should be rewarded.
Bank of Internet USA, the oldest and most trusted internet bank, gives homeowners 62 years of age and older the opportunity to receive an extra source of income based on a record of owning and maintaining a home. A Bank of Internet reverse mortgage allows applicants to retain ownership of their home, with the option to refinance or sell their home at any time, free from costly penalty fees.
Qualified applicants can receive quick approval and get on their way toward spending their money as they wish; and, with qualifications unlike that of a regular home mortgage, it is easier to qualify for a reverse mortgage. Whether beginning retirement, preparing for a big purchase, or just needing a little extra monthly income is the reason for applying, Bank of Internet believes in getting every qualified homeowner the money they have earned through their equity to spend as they see fit.