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Can You Get a Reverse Mortgage on a Mobile Home? – The requirements for this type of property to qualify for a reverse mortgage are even more stringent than those used to determine eligibility for FHA financing for a manufactured home Don’t assume your manufactured home is eligible for a reverse mortgage just because you were able to get an FHA mortgage when you purchased it. The extensive criteria required to qualify follow.
Can a reverse mortgage help save an underfunded retirement? – The loan can be disbursed as a line of credit. I also want you to check this out, from bankrate.com: Should you get a reverse mortgage? The pros and cons And this: 8 Factors Retirees Should.
A reverse mortgage comes with The Right of Rescission so you can get out of a reverse mortgage if you want to. To find out more call us at (800) 224-0103.
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Can I get a reverse mortgage on a condo? | Nolo – You can get a reverse mortgage if you own a condominium, as long as it is your principal residence. reverse mortgages are not limited to single-family detached homes. Read on to learn more about how reverse mortgages-including the FHA’s home equity conversion Mortgage, as well as proprietary reverse mortgages-work. How Reverse Mortgages Work
Reverse Mortgage Eligibility | Reverse Mortgage Rules – Reverse Mortgage Eligibility. The basic requirements to qualify for a reverse mortgage loan include: the youngest borrower on title must be at least 62 years old, live in the home as their primary residence and have sufficient home equity.
Reverse Mortgage – Learn From America's Leading Educational. – Reverse Mortgage Guides is a reverse mortgage educational website. Our goal is to help explain many of the pros and cons of a Home Equity Conversion Mortgage (HECM) for homeowners. We publish articles and tools for older Americans who are considering a reverse mortgage and want to become further educated before making a decision.
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Should You Get a Reverse Mortgage? — The Motley Fool – Should You Get a Reverse Mortgage? A reverse mortgage isn’t right for everyone and it does have some drawbacks, but for certain people, it can be a solid solution to retirement income needs.
Can You Get a Reverse Mortgage on a Mobile Home? – The requirements for this type of property to qualify for a reverse mortgage are even more stringent than those used to determine eligibility for FHA financing for a manufactured home Don’t assume your manufactured home is eligible for a reverse mortgage just because you were able to get an FHA mortgage when you purchased it.