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Equity Loans on top of reverse mortgage

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joynerl

Joined: 13 Mar 2010

Posts: 1

1.26 Dollars($)

Posted: Sat Mar 13, 2010 8:20 am Post subject: Equity Loans on top of reverse mortgage	Like 0 Dislike 0

Are lenders allowed to make an equity loan on top of a reverse mortgage if there is extra equity on top of the insured loan?

raymond
raymond

Community Expert

Joined: 03 Jul 2009

Posts: 1166
Location: Irvine, California
24.79 Dollars($)

Posted: Sun Mar 14, 2010 3:52 pm Post subject:	Like 0 Dislike 0

Yes _________________ Raymond Denton www.raymonddenton.com

hecmrev

Joined: 10 Oct 2009

Posts: 39

6.97 Dollars($)

Posted: Fri Mar 19, 2010 10:46 pm Post subject:	Like 0 Dislike 0

If the lender will accept 3rd lien position. Most will not, but I have heard of a few who will. _________________ Anthony Reverse Mortgage Specialist 866-640-5722 ext.123

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