Reverse Mortgage
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Reverse Mortgage

This forum promotes education about the FHA Guaranteed Home Equity Conversion Mortgage (HECM) and other proprietary reverse mortgage products.


CAN I REAPPLY IF I NEED MORE MONEY

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Reverse Mortgage :: Reverse Mortgage Basic Information :: Legal information about Reverse Mortgages

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CAN I REAPPLY IF I NEED MORE MONEY Empty CAN I REAPPLY IF I NEED MORE MONEY

Post  Cherry Pearl Tue Feb 05, 2008 9:31 am

Can I reapply if I run out of money.

Cherry Pearl

Posts : 20
Join date : 2008-01-29

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CAN I REAPPLY IF I NEED MORE MONEY Empty Re: CAN I REAPPLY IF I NEED MORE MONEY

Post  Ralph J Fri Feb 08, 2008 3:44 pm

Yes. Recognizing the benefits that seniors can reap from refinancing a reverse mortgage, the U.S. Department of Housing and Urban Development has implemented a new regulation that makes it less costly for a senior to refinance a reverse mortgage.

Ralph J

Posts : 20
Join date : 2008-01-28

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Reverse Mortgage :: Reverse Mortgage Basic Information :: Legal information about Reverse Mortgages

 
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