Do co-ops qualify for a reverse mortgage?

Answer Generally, a reverse mortgage is based on owned equity in the real property.Your state or other locale laws and your bank can answer your particular question more precisely, depending on the locati... Read More »

Top Q&A For: Do co-ops qualify for a reverse mortgage

Can i qualify for a mortgage before i sell my home&satisfy the existing mortgage?

On One Hand: The Hard WayIf your credit history and financial situation are good enough, you can qualify for a mortgage on a second property. This will work just as if you were buying a second home... Read More »

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 »

How much mortgage do you qualify for?

On One Hand: Front End RatioThis ratio is a conservative way to determine how much you should borrow for a home. A mortgage bank will determine a prequalification based on 28 percent of your gross ... Read More »

How to Qualify for a Mortgage?

Applying for a mortgage is not a difficult process if you are financially qualified. There are a number of rules and regulations that are expected of you and your financial status. For this reason,... Read More »