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I was turned down for a reverse mortgage can I reapply?

by cherryfryer360 from Naperville, Illinois. Oct 21st 2018 Reply


Sara Deere (Mortgagequeen2)
#15 ranked lender in Missouri - 608 contributions

It does depend on the reason for the turn down.

Oct 21st 2018
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

More info needed.. why where you turned down? Typically, the only reason to be turned down is either you don't have sufficient equity in your home, or you don't have enough income to pay the carrying costs of the home.. but without knowing the details, it's hard to advise.. 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 / LendUS, NMLS 1938/ AZMB0121893

Oct 23rd 2018
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