I would like to take out some equity on my home which is owned free and clear. I need to consolidate some credit card debt and do some renovation on my home. I also own a second property which was inheirited that has a reverse morgage that i need to refi out of.
Are you wanting to refinance the 2nd home that has the reverse mortgage on it too? Depending on your credit and financial obligations you should be able to take equity out of your primary residence, and refinance the 2nd home that has a reverse mortgage. Not knowing all of the information about both...