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Can a reverse mortgage be obtained by a couple that did not co-sign or co-borrow on their original mortgage?

by RLStein from Appleton, Wisconsin. Oct 22nd 2012 Reply


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

Your question is confusing.. So I'm not sure how to answer.. In general, if you own a home with a mortgage, you can refinance into a reverse mortgage, so long as you meet the requirements.. There has to be sufficient equity as well as a minimum age requirement, but you can obtain a reverse mortgage if you have a mortgage now.. If your purchasing a home, you can also use a reverse mortgage, but depending on your age will determine how much you will need to put down.. if you own a home outright now, and wish to do a reverse mortgage, you can, and again depending on your age, will determine how much per month you will receive.. The 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. 480-287-5714 WilliamAcres.com

Oct 22nd 2012
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

Not Sure what your question is but as long as you meet the age and equity requirements, you will be able to complete a reverse mortgage

Oct 22nd 2012
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Travis Torcoletti (travis.torcoletti)
#0 ranked lender in South Carolina - 372 contributions

Your question makes no sense...A reverse mortgage can be obtained by anyone 62 years or older provided you have the equity position to do so.

Oct 22nd 2012
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James & Shannon Lechuga (lechugagroup)
#660 ranked lender in California - 4 contributions

THE BORROWER OR BORROWER'S MUST BE ON TITLE OR CAN BE QUICK CLAIMED ONTO TITLE @ CLOSING AS LONG AS BOTH BORROWERS ARE 62+ PLUS IN AGE WITH ENOUGH EQUITY TO SUPPORT THERE AGE. IF YOU EMAIL US YOUR (NAME ,DOB, MTG BALANCE AND WHAT YOU THINK THE PROPERTIES WORTH) FOR BOTH POTENTIAL BORROWERS. WE CAN RESPOND WITH LOAN OPTIONS WITHIN 15 MINUTES ALONG WITH OUR FREE 62+BENIFITS REVERSE MORTGAGE GUIDE . JAMES & SHANNON jlechuga@directorsfg.com888-550-8705 ext 1041

Oct 22nd 2012
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Linda Wintersteen (Linda123)
#63 ranked lender in Arizona - 1,256 contributions

are you looking to purchase the house?? linda

Oct 22nd 2012
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