Relocating after a Reverse Mortgage?
Hi there,If you get the reverse mortgage, then you cannot move out without the loan becoming due and payable. What that means is you must then sell your home, pay off the principal and interest that has accrued and the equity or profits are yours to keep.Please let me know if I can be of further assistance. I...

Reverse for Purchase - How much down?
Hi there, a good rule of thumb for the reverse purchase is approx 40% down. So if your purchase is $450,000, then you will put down approximately $180,000 including closing costs and we will lend you the remaining amount. This will leave you with no mortgage payment for the rest of your lives. I am in...

My father has a reverse mortgage,can i be added if im 62
Only if the value has risen significantly and you live in the home, then you can refi HECM to HECM. We do ONLY reverse mortgages, I'm 1 of 3 Certified Reverse Mortgage Professionals (CRMP) in all of Florida. Please see my website: www.psreversemortgage.com and look for the video testimonials. I also use my...

my home is worth $175,000 how much can i get on a reverse mortgage
The answer is 50-70% depending on your age. I would recommend finding a CERTIFIED Reverse Mortgage Professional (CRMP) in your State. I'm in Florida and I am 1 of 3 in the state and there's 81 in the country who have gone through the process of becoming certified. You can find the list on www...