Question

 Is reverse mortgage safe?

Answer 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

Top Q&A For: Is reverse mortgage safe

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 reverse mortgage?

A reverse mortgage is a type of mortgage that allows home owners age 62 and older to use the built-up equity in their home to pay off their current mortgage debt or create additional needed income ... Read More »
http://www.answerbag.com/q_view/1968092

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

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


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