Posted on: 17th Jul, 2012 03:41 am
My father owns a house is in Los Angeles area and now he wants to lower his payment. It is too high about $2500 a month. He is in his 70's and has a fix income so if you can please help. I am really interested in what is call a reverse mortgage. The value of the house is about $450,000. He owes about $337,000 interest rate about 7.9%.
As your father is around 70 years old, he will be able to qualify for a reverse mortgage. You need to contact the local reverse mortgage lender and apply for the loan in your father's name.
Welcome Jacob,
To know all about reverse mortgage, check out the given page:
http://www.mortgagefit.com/reverse.html
To know all about reverse mortgage, check out the given page:
http://www.mortgagefit.com/reverse.html