Can I get a reverse mortgage if my home is fully paid for?

Yes.. You can do a reverse mortgage on a home that's paid for.. You must be 62 or older... you can take a lump sum, a partial lump sum and payments, or all payments.. The amount will be determined by your home value and your age... (The older you are, the more you get)... you should seek out someone who specializes in reverse mortgages.. Not just anyone.. but i would certainly recommend using someone local... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. 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

Yes you can as long as the home is your primary home and you are at least 62 years of age. Be sure to shop around because fees and rates can vary. If you would like a quote, please feel free to call me directly at 520-907-3225. I agree with William, you will want to deal with someone who specializes in reverse mortgages. All the best, Sandy520-907-3225.

If you are 62 or older and the home is your primary residence you can get a reverse mortgage. If you would like to discuss more call me at 201-962-3555. All the best. Michelle

Yes, you most definatly can. As long as you are 62 years of age and the home is your primary residence. I am a Reverse Mortgage specialist and am approved in AZ. So, please feel free to contact me I have programs with absolutly no lender or closing fees.jrhode@cstonemortgage.com or at www.cornerstonereverse.com or 877-401-1389 xt103

Absolutely. Having no debt against your home will actually give you more flexibility. We are located right here in Chandler. Give me a call and we'll get you started. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com ~ 888-889-9950

A home equity conversion mortgage (aka reverse mortgage) is best facilitated when dealing with a qualifying senior whose home has been paid off. You will have more options on how to receive your money. Make sure to speak with your estate planner so as to have established instructions on how to handle the settlement of the estate upon death.