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Equity Advance Reverse Mtg

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imkrazykathy Joined: 01 May 2011 Posts: 1 1.29 Dollars($)	Posted: Sun May 01, 2011 2:04 pm    Post subject: Equity Advance Reverse Mtg Like 0 Dislike 0 We have received information for New DAy REverse mortgage trying to sell us a reverse mortgage. We owe 111.000 on our present mortgage. How can we be eligible for a reverse mortgage. We are 64 and 66, so we age qualify. Kathy Hutchinson
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Sun May 01, 2011 9:29 pm    Post subject: Like 0 Dislike 0 Welcome imkrazykathy, Considering your age, you and your spouse qualify for a reverse mortgage. If you get a reverse mortgage, you'll have to pay off the present mortgage that you have on the property immediately. _________________ Procrastination is the enemy of your financial success
raymond Community Expert Joined: 03 Jul 2009 Posts: 1191 Location: Irvine, California 28.24 Dollars($)	Posted: Tue May 03, 2011 7:13 pm    Post subject: Like 0 Dislike 0 What is the value of your home? That'll determine if a Reverse Mortgage works for you the way you'd like (or not). And the property type needs to be eligible - what type of property do you have? _________________ Raymond Denton www.RaymondDenton.com

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