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 Can you pay off a mortgage with a reverse mortgage?

Answer A reverse mortgage is a type of loan, specifically for borrowers ages 62 and older, that allows a borrower to use the equity in her home to refinance a current mortgage or pull cash out for expense... Read More »
http://www.answerbag.com/q_view/1869414

Top Q&A For: Can you pay off a mortgage with a reverse mortgage

Can you have a second mortgage included with a reverse mortgage?

A borrower who is 62 or older can purchase a reverse mortgage to pay off any and all debt on their primary residence, including a first and second mortgage debt.SignificanceA reverse mortgage pays ... Read More »
http://www.answerbag.com/q_view/1870628

What to Do With a Reverse Mortgage After Your Mom Dies?

Reverse mortgages, once considered a retirement-funding plan of last resort, have instead morphed into a valuable tool that elderly homeowners rely upon to stay in their residences.They allow the h... Read More »
http://www.ehow.com/info_8498534_do-mortgage-after-mom-dies.html

Who Do You Talk With to Get an Interest-Only Mortgage Changed to a Fixed Rate Mortgage?

Interest-only mortgages are considered to be one of the riskiest types of home loans on the market. If you have an interest-only loan, you can take the necessary steps to convert it into a fixed ra... Read More »
http://www.ehow.com/about_7351411_do-changed-fixed-rate-mortgage_.html

Is reverse mortgage safe?

On One Hand: Federal BackingMost reverse mortgage are backed by the Federal Housing Administration (FHA) or the Federal National Mortgage Association (Fannie Mae), making them a safe way for senior... Read More »
http://www.answerbag.com/q_view/1972859


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