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Reverse mortgage

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rubjd Joined: 05 Nov 2006 Posts: 1 1.15 Dollars($)	Posted: Sun Nov 05, 2006 3:06 pm    Post subject: Reverse mortgage What is the least you can owe on your home to qualify for reverse mortgage
SHARLEE2004 Joined: 03 Nov 2006 Posts: 48 Location: Florida 23.63 Dollars($)	Posted: Sun Nov 05, 2006 5:43 pm    Post subject: http://www.hud.gov/offices/hsg/sfh/hecm/hecmabou.cfm _________________ I Fix Morgages 4 U Carteret Mortgage Corporation Senior Mortgage Consultant 321-749-3896 Direct www.ifixmortgages4u.mortgagefit.com www.carteretmortgage.com/shsl
sara Joined: 05 Jul 2006 Posts: 1063 Location: New Brunswick, New Jersey 201.78 Dollars($)	Posted: Sun Nov 05, 2006 8:12 pm    Post subject: RE: Qualify for reverse home loan Hi Rubjd, There is no such fixed limit on the amount you can owe on your home and still qualify for a reverse mortgage. But, the lesser the amount owed, the higher sum of money you can borrow from the lender. And, lenders require that the existing debt against your home should be paid off with the loan proceeds in the reverse mortgage. Thanks, Sara.

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