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QUESTION:
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Can a person have two(2)reverse mortgage loans? | | If a person owns two(2) apartments in the same building,can it get a reverse mortgage for each apartment? |  | asked by Julio C. Padin, 4/13/2010 |
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Categories:
Reverse Mortgage, Credit Card Debt, Mortgages, Debt Consolidation, Debt and Mortgages
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| ANSWERS: | | Answered by: Jason B, 04/14/10
Overall Rating:   | In short, no. You can only get a reverse mortgage on your primary residence, which means that you can only have one reverse mortgage at a time. Moreover, you cannot get a reverse mortgage on apartment buildings or apartments, though you can on condominiums. Login to rate this answer: |
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