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where can i get a reverse mortage on a mobile home?

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Icon Mini Profile sullie36





Joined: 29 Oct 2008

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Post Posted: Wed Oct 29, 2008 10:20 am    Post subject: where can i get a reverse mortage on a mobile home?
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I have a 1981 mobile. I want a reverse mortage to make some repairs.
Icon Mini Profile helping_user
helping_user




Joined: 31 Mar 2006

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Location: Hawaii
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Post Posted: Thu Oct 30, 2008 12:40 am    Post subject:
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Welcome Sullie.

You haven't mentioned details of your financial situation. However, if your mobile home has a permanent foundation, getting a mortgage won't be difficult provided you satisfy the eligibility criteria to qualify for a reverse mortgage.

Thanks.
Icon Mini Profile jerry
jerry
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Joined: 17 Oct 2005



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Location: MICHIGAN
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Post Posted: Tue Nov 04, 2008 2:37 am    Post subject:
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Hi sullie!

In order to get mobile home loans, your mobile home should have a permanent foundation. As you are looking for reverse mortgage, then you should be 62 years of age or above. You should be the owner of the property and should be residing in the property as your primary residence and the property should have enough equity.

Thanks,

Jerry
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