You would have to do a new reverse mortgage.. and because your only 62, the loan to value would be greatly reduced.. .. 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
Only by way of a new reverse mortgage. If there is still 50% or more equity in the home, contact me for a clever solution.
Only if the value has risen significantly and you live in the home, then you can refi HECM to HECM. We do ONLY reverse mortgages, I'm 1 of 3 Certified Reverse Mortgage Professionals (CRMP) in all of Florida. Please see my website: www.psreversemortgage.com and look for the video testimonials. I also use my own appraiser panel, not random appraisers off a long list like the other lenders. THANKS!
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