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Can reverse mortgage works for me

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Icon Mini Profile pwilliams005





Joined: 08 Feb 2011

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Post Posted: Tue Feb 08, 2011 11:22 pm    Post subject: Can reverse mortgage works for me
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I have no equity of my home, Can reverse mortgage works for me?
Icon Mini Profile jerry
jerry
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Joined: 17 Oct 2005



Posts: 2708
Location: MICHIGAN
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Post Posted: Wed Feb 09, 2011 2:29 am    Post subject:
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Hi pwilliams,

As there is no equity in your property, it will be difficult for you to qualify for a reverse mortgage. Nevertheless, you should contact the local lenders and apply for a reverse mortgage in order to check out if they can help you in this regard.

Thanks,

Jerry
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