reverse mortgage on a mobile home in a mobile home park
reverse mortgage on a mobile home in a mobile home park
i am 73 years old, on social security retirement, with a very linited income. i would like to get a reverse mortgage on my mobile home, which is in a mobile home park. i own the home and pay space rent. can i qualify for a reverse mortgage ??
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1
You can only do a reverse mortgage on a manufactured home that is located on a permanent foundation and on land that you own.
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Agreed. The lender needs to have a lien on the improvements and the underlying land.
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