Question

 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 »
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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 is a reverse mortgage and how do I get one?

For many people, the retirement years present a financial challenge. If you are a senior and own your own home, you may be able to use the equity of your home as a source of needed cash by getting ... Read More »
http://www.answerbag.com/q_view/1863874

How do i add a second name to a reverse mortgage?

EligibilityDetermine the second person's eligibility before starting the process to add him to the reverse mortgage. A reverse mortgage is a federal program, and like all federal programs there are... Read More »
http://www.answerbag.com/q_view/2246747

When should you use a reverse mortgage?

A reverse mortgage is a financial product offered by lenders like banks that gives a homeowner of age 62 or older money in exchange for an equity stake in the home. Trading away a home's equity wit... Read More »
http://www.answerbag.com/q_view/1795490


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