can my mother do a reverse mortgage if the house is already paid off?

So long as she's 62 or older, she can do a reverse mortgage.. she could take one lump sum, several lump sums or just receive a monthly check, but she can absolutely do a reverse mortgage on a free n clear home.. .. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Is she at least 62? She could take regular payments or take a lump sum, depending on what is better for you. (Always talk to a tax professional, as well).Let's discuss her reverse 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 mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803

She can draw about 50% of the appraised value, either as a lump sum, or as a line of credit, at a low fixed rate. Call me at 503-620-2239, Dave Metsker, for exact figures.