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Second Mortgage - Way to cash out your home equity

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Mini Profile  jameshogg
jameshogg



Joined: 20 Dec 2005
Posts: 10460
Location: Nevada

987.57 Dollars($)

Post     Post subject:

Hi rumrmmy,

As there is a reverse mortgage on the property, there won't be any equity in it. In such a situation, you won't be able to qualify for a second mortgage.

Thanks
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