What are the restrictions for a reverse mortgage?

Answer A reverse mortgage is a type of debt that allows a borrower who is 62 or older use the equity in his residence to provide additional income or to reduce debts.SignificanceA reverse mortgage is the ... Read More »

Top Q&A For: What are the restrictions for 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 »

What are the time restrictions on selling a home when you have a FHA mortgage?

Getting an FHA loan on a house isn't so much about commiting to live there for a time frame, it's about buying a house that you intend to live in rather than to keep as a landlord or to flip. If y... Read More »

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 »

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 »