I have a reverse mortgage. can i trade homes with someone else with a reverse mortgage?

Asked by Minnie, Aric By The Sea, Cape Canaveral, FL Sat Apr 7, 2012

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Steve Quinta…, Agent, Albuquerque, NM
Sat Apr 7, 2012
You can always trade homes with someone...the question is what happens if you do trade. Reverse mortgages lenders usually check with the borrower annually. Be prepared for this occurrence. Ask you loan consultant if you can make this switch or get new loans to accommodate the trade.
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