Property Q&A in 92234>Question Details

Lking001, Home Owner in Palm Springs, CA

I am 62 yrs old, can I get an reverse mortgage if i have no equity in my home & the mortgage is under water?

Asked by Lking001, Palm Springs, CA Thu Apr 12, 2012

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4
Atleast reach out to a few lenders you trust , to see if there are any options for you before you write it off.Good luck to you ,HENA MARTIN BROKER..
0 votes Thank Flag Link Sun Jan 27, 2013
To obtain a reverse mortgage you must have equity in your home.
0 votes Thank Flag Link Mon Oct 1, 2012
NO, YOU CAN NOT GET A REVERSE MORTGAGE, BUT YOU CAN GET A LOAN MODIFICATION IF YOUR HOME IS UNDER FANNIE OR FREDIE MAC PROFILE, THEY WILL BRING YOUR HOME TO PRESENT APPRAISAL VALUE AND INTERES, MORE INFO, CALL ME.
SIMON GUILLEN
REALTOR
626-278-4445
0 votes Thank Flag Link Sat Jun 16, 2012
Thank you Sir
Flag Mon Jun 18, 2012
Hi there, although it doesn't sound likely I will recommend you contact Deborah Nance at Deborah Nance at (951) 283-2983.
She is remarkable , friendly and a Reverse Mortgage Specialist.


Best wishes,

Jory Blake
951.742.3751
Web Reference: http://www.JORYBLAKE.com
0 votes Thank Flag Link Thu Apr 12, 2012
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