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

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Icon Mini Profile sullie36




Joined: 29 Oct 2008

Posts: 1

1.00 Dollars($)
PostPosted: Wed Oct 29, 2008 10:20 am    Post subject: where can i get a reverse mortage on a mobile home?

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

Posts: 815
Location: Hawaii
155.37 Dollars($)
PostPosted: Thu Oct 30, 2008 12:40 am    Post subject:

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



Posts: 1845
Location: MICHIGAN
282.67 Dollars($)
PostPosted: Tue Nov 04, 2008 2:37 am    Post subject:

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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