How is the best way to payoff reverse mortgage and convert to va or conventional mortgage

Good afternoon to you. I would suggest that you contact a local mortgage broker in California and discuss refinance options. You can refinance with a VA or Conventional if you qualify and payoff the Reverse Mortgage. Your mortgage broker needs to review your application and credit and look at your options. You can find a local mortgage broker by going to www.namb.org and click on FIND A PROFESSIONAL and put your state in the drop down.

Hi Moneywilliam1771,The best way would be to refinance the existing reverse mortgage with a VA Cash-out refinance because VA will give you the option to go up to 100% of the home's appraised value. | Please feel free to contact me for more information or help. | John Burke | Senior Mortgage Banker | Great Plains National Bank http://www.valoansdoneright.com | (877)228-9069 | Lending in ALL 50 states