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I have a reverse mtg on my home.May I add a room or remodle the home?

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bgreen9463 Joined: 13 Oct 2009 Posts: 1 1.00 Dollars($)	Posted: Tue Oct 13, 2009 10:12 pm    Post subject: I have a reverse mtg on my home.May I add a room or remodle Like 0 Dislike 0 I wish do some remodeling to my home. I am four years into my reverse mtg.What effect will this have on my mtg? Will I have to refinance?
Niicss Joined: 03 Oct 2005 Posts: 4772 Location: New Jersey 499.62 Dollars($)	Posted: Wed Oct 14, 2009 2:14 am    Post subject: Like 0 Dislike 0 You can use the money you get from your reverse mortgage lender to remodel the home. You will not have to refinance the mortgage for this purpose. _________________ Good is the Enemy of Great.

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