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QUESTION:
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2 reverse mtges | | I acquired a reverse mtge. about 6 years ago. My house is worth more now. can I get a second reverse mtge? |  | asked by Geralyn, 2/12/2009 |
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Categories:
Reverse Mortgage, Reverse Mortgages
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| ANSWERS: | | Answered by: Wes Hudson, 02/13/09
Overall Rating:  Be the first to rate it. | Geralyn,
Yes, you can. You can get what is called a refinance of your Original Reverse, provided you still have enough equity (which you should).
I would need to know the amount owed on your original Reverse Mortgage, and the value of your home currently to determine how much you might qualify for this time. Also, as you are now 6 years older, this will help.
You can call me anytime
Wes Hudson
Next Generation Financial Services
910-262-4083
http://www.ReverseMortgagesNC.com
Blessings,
Wes Login to rate this answer: |
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