• Question
  • Reverse mortgage on Land

    Asked on 12/28/2009

    Is it possible to get a reverse mortgage on land?

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  • Categories: Qualifying, Reverse Mortgages

Answers

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  • A Reverse Mortgage may only be secured on your primary residence.

    In some cases a Reverse Mortgage may be secured on a mobile home -- if it is your primary residence -- that is on land that you own (not leased).

  • Login to rate this answer:   Answered on 1/5/2010
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.