HOW DO YOU QUALIFY

Go down

HOW DO YOU QUALIFY

Post  Linn F on Tue Feb 05, 2008 9:36 am

How do you qualify for a reverse mortgage?

Linn F

Posts : 20
Join date : 2008-02-05

View user profile

Back to top Go down

Re: HOW DO YOU QUALIFY

Post  Foster Brown on Tue Feb 05, 2008 10:39 am

To qualify for a reverse mortgage, you need to be 62 or older and own and reside in your home. You do not need to meet any income guidelines, because the loan is based on the value of your home, not your income. You do not need to have any income at all to get a reverse mortgage.

Foster Brown

Posts : 20
Join date : 2008-01-28

View user profile

Back to top Go down

Re: HOW DO YOU QUALIFY

Post  Walter Cabe on Thu Feb 07, 2008 10:11 am

I think there are some qualifications concerning the home though. I don't know what they are but it has to do with the condition of the home, trailer, modular home things like that.

Walter Cabe

Posts : 23
Join date : 2008-01-28

View user profile

Back to top Go down

Re: HOW DO YOU QUALIFY

Post  Marc Johnson on Thu Feb 07, 2008 10:28 am

The type home also makes a difference Your home must be a single family dwelling or a two-to-four unit property that you own and occupy and also some manufactured type are ok

Marc Johnson

Posts : 20
Join date : 2008-01-28

View user profile

Back to top Go down

Re: HOW DO YOU QUALIFY

Post  Lizzy B on Thu Feb 07, 2008 12:18 pm

You must live in the home and be over 62 years old.

Lizzy B

Posts : 23
Join date : 2008-02-05

View user profile

Back to top Go down

Re: HOW DO YOU QUALIFY

Post  Sponsored content


Sponsored content


Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum