Posted on: 29th Jan, 2009 06:30 am
we have large house owe 450,000.00 was up for sale 889,000.00 my wife has had 3 back sergerys and trying for disability I had hart attack not much money coming in to pay motgage.Would like to stay here dont care if someone else gets house later in about 10 yr .this is lake property that will go up in value when times get better.we have some rental property to take care of some of the bills
Hi wgreenwell,
Reverse mortgage is available to people who are 62 years old or above. As far as I know, there is no reverse mortgage available for 58 years old. To know more about reverse mortgage, you may check out the following link:
http://www.mortgagefit.com/reverse.html
I guess, there is equity on the property. If possible you can try to get a home equity line of credit. This may help you in paying off the bills.
Thanks,
Jerry
Reverse mortgage is available to people who are 62 years old or above. As far as I know, there is no reverse mortgage available for 58 years old. To know more about reverse mortgage, you may check out the following link:
http://www.mortgagefit.com/reverse.html
I guess, there is equity on the property. If possible you can try to get a home equity line of credit. This may help you in paying off the bills.
Thanks,
Jerry