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Mobile home reverse mortgages for seniors

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skipper Guest	Posted: Thu Oct 15, 2009 12:17 pm    Post subject: locating a lender Like 0 Dislike 0 the "lender" tab above lists a lot of lenders but are any in Pennsylvania? Secondly, a "type of loan" window pops up, but doesn't list reverse as a choice.
raymond Community Expert Joined: 03 Jul 2009 Posts: 1167 Location: Irvine, California 24.93 Dollars($)	Posted: Thu Oct 15, 2009 12:56 pm    Post subject: Like 0 Dislike 0 I'm a Reverse Mortgage Lender in PA and can help you. My number is 800-516-0089. _________________ Raymond Denton www.RaymondDenton.com
raymond Community Expert Joined: 03 Jul 2009 Posts: 1167 Location: Irvine, California 24.93 Dollars($)	Posted: Fri Nov 06, 2009 4:01 pm    Post subject: Like 0 Dislike 0 >>THe FHA product requires the home to be built on or after 1977 with HUD seals indicating so. The date is June 15, 1976 >>Land may not be leased, I'm doing a Reverse Mortgage right now, in Mount Vernon, Texas, for a home on leased land. _________________ Raymond Denton www.RaymondDenton.com
raymond Community Expert Joined: 03 Jul 2009 Posts: 1167 Location: Irvine, California 24.93 Dollars($)	Posted: Sun Nov 22, 2009 10:37 am    Post subject: Like 0 Dislike 0 >>I LIVE IN A MODULE HOME ON RENTED GROUND IN PA. IS IT POSSIBLE TO GET A REVERSE MORTAGE? No _________________ Raymond Denton www.RaymondDenton.com
hecmrev Joined: 10 Oct 2009 Posts: 39 6.97 Dollars($)	Posted: Wed Dec 02, 2009 11:13 pm    Post subject: Like 0 Dislike 0 It is possible to get a reverse mortgage on a mobile home if you do not own the land and are leasing the land. However, there are certain guidelines that must be followed. Whoever is leasing the land would have to agree to a 99 yr lease as well. Feel free to contact me with any additional questions about getting a reverse mortgage for mobile homes on leased land. _________________ Anthony Reverse Mortgage Specialist 866-640-5722 ext.123
jertomc Guest	Posted: Mon May 10, 2010 11:18 am    Post subject: home improvement loan Like 0 Dislike 0 we own our modular home but not the land Its current value is 160,000.00 Could we get a 10,00.00 dollar loan for home improvements
raymond Community Expert Joined: 03 Jul 2009 Posts: 1167 Location: Irvine, California 24.93 Dollars($)	Posted: Mon May 10, 2010 12:58 pm    Post subject: Like 0 Dislike 0 Yes, as long as it's a 99 years lease that's renewable. _________________ Raymond Denton www.RaymondDenton.com
zboyle Joined: 16 Jul 2010 Posts: 1 Location: Lynbrook, NY 1.22 Dollars($)	Posted: Fri Jul 16, 2010 9:59 pm    Post subject: reverse mobile Like 0 Dislike 0 The mobile home must be fixed to a permanent foundation and plate verifying it was built after 1977. An engineers report is required to verify the home is fixed to the permanent foundation. If your home is not tied down but rests on a slab you can have straps tie your home down that go over the roof of the home, this is not very cosmetically appealing but gets the job done. You must own the land, not rent for a reverse mortgage. Some lenders do lend on leasehold property which normally has a 50 or 100 year lease (barrier islands of Long Island, Battery Park of Manhattan) _________________ www.reversemortgagenyny.com www.nwreverse.com www.reverseitforward.com www.reversemortgagedoilosemyhouse.com www.reversemortgagenassaucountyny.com
Betty Crawley Guest	Posted: Mon Aug 30, 2010 9:44 am    Post subject: Reverse Mortgage in a Senior Resident Owned Cooperative f Like 0 Dislike 0 I own a share in a resident owned Mobile Home Cooperative. The Sahre sold for $46000. I own he share. Can I get a reverse mortgage?
Niicss Joined: 03 Oct 2005 Posts: 4772 Location: New Jersey 499.62 Dollars($)	Posted: Tue Aug 31, 2010 3:43 am    Post subject: Like 0 Dislike 0 If you're the owner of the property and if you're 62 years of age, then you will be able to qualify for a reverse mortgage. _________________ Good is the Enemy of Great.
Lynn Mohr Guest	Posted: Wed Feb 09, 2011 7:03 am    Post subject: Reverse mtg. on mobile home on property I own Like 0 Dislike 0 My husband & I own Three point something acres. Our mobile home is our only resident. It is a 1985 Parkwood 14x72'. We are age 68 and 71. Both retired, might we qualify?
adonis Joined: 22 Oct 2005 Posts: 10267 Location: ALASKA 1046.07 Dollars($)	Posted: Wed Feb 09, 2011 11:59 pm    Post subject: Like 0 Dislike 0 Welcome Lynn, It is difficult to qualify for a reverse mortgage on mobile home. Nevertheless, you should speak to the local lenders and check out if they can help you with a reverse mortgage on your mobile home. _________________ Procrastination is the enemy of your financial success
Mary Ann Guest	Posted: Mon Mar 28, 2011 8:17 pm    Post subject: Reverse mortgage Like 0 Dislike 0 I am 64, have a 50K loan against my 2003 double located on my 7 acres in Florida. I pay property taxes. Can I get a reverse mortgage?
smithsussane Joined: 18 Sep 2008 Posts: 10045 Location: Alaska 921.83 Dollars($)	Posted: Tue Mar 29, 2011 12:32 am    Post subject: Like 0 Dislike 0 Hi Mary! Welcome to forums! You can get a reverse mortgage on the property. However, you'll have to pay off the existing mortgage on the property as soon as you receive the reverse mortgage. Feel free to ask if you've further queries. Sussane

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