California I would like a reverse mortgage loan amount 305k Esitamted Property Value- 450k Age 71 Widow
Interesting...a past client called me about a reverse mortgage on her home in North Hollywood and the phone number I called went to an office or something wherein I could not reach her! Is their a question about the reverse mortgage? Please contact me, Larry Gray @ 415-962-1527 or lgray@clrloans.com
You will be a little short when the calculations are processed, Do you have funds to bring to the closing?
Here's a link to HUD's reverse mortgage calculator.. typically, you need to be closer to 50% Loan to Value and they allow you to borrow more as you get older.. http://www.reversemortgage.org/About/ReverseMortgageCalculator.aspx .. 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
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