Should a 80 year f refinance?

Depends on how much you still owe. If it's less than about 60% of appraised value you may qualify for a reverse mortgage. There are no repayments ever on a reverse until you pass or move out. Call me for details. 216 337 7520

Need more info to make a educated answer, why are they considering it? Do they need cash out of the equity? is the payment too high? what is their life expectancy? There are reverse options available as well, but you will continue to see the balance grow on the loan although there are no monthly payments. The million dollar question is why? what's the pain they are needing taken away from a refinance. If you'd like to talk through it I'd be happy to help ask the probing questions so you can make a truly educated decision on this. I have 20 years in the industry now and would be happy to help in any way. I'm also licensed in all 50 states. Respectfully, John Schweer....... 816-517-5626

Much more info needed.. but if you can save monthly, or lower your interest rate, then why not.. It really dosent matter how old you are.. and you cannot be discriminated because of your age. Try reaching out to a mortgage banker/broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893