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Can my dad get a reverse mortgage even though his mortgage is not paid off?

He's got about 5 years to go, payments wise. But he's just retired and his pension isn't really enough for him to live on. Would love more information about how I can help him with an HECM

by markglobos983720 from Sandy, Utah. May 2nd 2014 Reply


He must be at least 62 for a reverse mortgage. Call me and I can go over the most recent updates for reverse mortgages. 801-557-8540

May 2nd 2014
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Robert Griffin (1111ring)
#33 ranked lender in Utah - 1 contribution

Yes your father can get a reverse mortgage if he still has a balance on his home. I would be happy to answer any other questions you might have. Feel free to contact me.Rob Griffin American Advisors Group801-735-6589Alpine, UT

May 2nd 2014
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MarkYes. It's very common for an existing mortgage to be refinanced with a HECM. You can email me at nate@timberlinemortgage.net and I can get you all the info you need.BestNateNMLS #956970

May 2nd 2014
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

yes he can. He'll get counseled prior to closing on the loan as well.

May 2nd 2014
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

Absolutely as long as he meets all other criteria.

May 2nd 2014
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Ron Aguilar (ronaguilar)
#67 ranked lender in Utah - 20 contributions

Your question prompts me to ask many other questions. A simple question with a simple answer is not always the best resolve. Ron Aguilar, NMLS: 201859 Direct line: 801-441-2336

May 2nd 2014
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Jarrod McOmie (Jarrod)
#13 ranked lender in Utah - 120 contributions

Mark - I am a local lender here in Sandy, UT. Based on the limited information, it sounds like he would be a good candidate for a Reverse Mortgage. Please feel free to reach out to me with any questions. My telephone number is 801-750-3998, and my email is jarrod.mcomie@snmc.com. I'm happy to meet with you at any time to discuss this further. Best of luck and I hope to hear from you soon!

May 2nd 2014
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Jamie Lynne (nationwidelenderforyou)
#137 ranked lender in Texas - 576 contributions

Is your dad 62 years or older? Does he have significant equity in the property? Let's discuss your dad's loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been offering reverse mortgages since 1989. I am happy to answer your reverse mortgage questions, 7 days a week and review your dad's loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803

May 3rd 2014
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Mike Silkworth (msilkw_195_870)
#29 ranked lender in Michigan - 531 contributions

Yes, Yes, Yes. I don't do Reverse mortgages, which I believe makes me unbiased. Your Dad is likely a perfect candidate for a Reverse, they are a great option for a newly retired person who now has more time to enjoy life, but less money to do so.

May 4th 2014
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