Should a 72y/o widow w/no other assets sell home pay off reverse mortgage take remaining equity and rent apt? »

Redbird asked: Home is paid off except for reverse mortgage. Home’s market value is more than enough to pay off reverse mortgage and have more than adequate income for life expectancy.

How much equity is needed for a reverse mortgage? »

Shawn M asked: I am looking into getting a reverse mortgage for my father. He lives in the Miami, Florida area. About a 2 years ago he refied and I want to know whether or not he will be qualified because of the last of equity.

I would like a reverse mortgage, but recently the city rezoned our property to commercIaL? »

hawley-richard@sbcglobal.net asked: I would like a reverse mortgage, but recently the city rezoned our property to commercIaL, It has been our home for over 35 yrs and never been used commercIally, How can I get the mortgage! Thanks, Richard

How much more complicated with a reverse mortgage if my wife is on the original note (paid off) and she is 59? »

herbajones asked: I know she would have to be taken off the original mortgage and if I died 1st the loan would become due. She has a terminal lung disease and she feels she will go 1st and is determined to do it this way. What process should I take , is it advisable and [...]

Can you get a Reverse Mortgage with a fixed rate and what is the maximum borrowing amount for a 73 year old? »

David S asked: Property value 280,000 100% owned no morgage currently carried.Content

How do I find out what discounts hospitals offer insurance companies? »

malteselinus asked: Mom had an emergency surgery four months ago plus three set backs. Needs another major surgery to finish the first procedure once she is healthy enough. She is under 60 so does not qualify for medicare or medicaid. Applied for disability but that will take at least 3 mos to process, and if [...]

How much equity is needed for a reverse mortgage? »

Shawn M asked: I am looking into getting a reverse mortgage for my father. He lives in the Miami, Florida area. About a 2 years ago he refied and I want to know whether or not he will be qualified because of the last of equity.Content

Can anyone explain what a reverse mortgage is and if it’s a good idea? »

funlady6632 asked: I heard that it’s good if you have no children to leave anything to. Any help will be greatly appreciated..Thank You! Thank you all…very informative info…I have no debt and I have no children to leave it to. My extended family will still receive a substantial amount without the house. Do these facts [...]

how do you feel about reverse mortgage? »

jillscowboys asked: my moms thinking about doing it, house is paid for long time ago 30,000 now woth 400,000. by beach with additions. she has 2 kids myself and bro. i just want to make sure she doesnt lose home.any help welcome shes 62………Create a video blog…instantly.

Seniors – people 62 yrs old or those with parents of that age – What do you think about reverse mortgages? »

Loan Officer Tim asked: I’m trying to be one of the “good guys” in this area of business as I have been for the last 10 yrs doing traditional mortgages. I’m looking for straight talk about how to best serve the senior citizens of the U.S.A. and how to find those people who could benefit [...]

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