Do your homework so you know what to expect before getting a reverse mortgage. Here are some common questions (and answers) to help you apply for and get a reverse mortgage. Where do I get a.
Our loan was through Chase mortgage. over 6 figures, have a great credit score, assets, proof of income. everything you need to get a mortgage. Our loan officer knew that this was our first time.
Florida Mortgage broker home loan Programs Apply Now. Reverse Mortgage. Get pre-approved with our GDM Mortgage Corp App. What is your loan question? Please feel free to ask us any loan questions or you may call us: (407) 930-4490.
So, the shocking truth about reverse mortgage with condominiums is that even though you may not owe anything on your unit and you may meet the age requirements, the project may prevent you from being able to get a reverse mortgage. We see more projects being declined then approved at this time by about a 2 – 1 ratio.
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Actually, there is nothing at all preventing a condominium owner from qualifying for a reverse mortgage through the FHA and HUD. A home is a home, and a condo is generally no exception. Any property that meets all FHA property standards and flood requirements may be potentially eligible for a reverse mortgage through the government’s program.
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My Financial Advisor Recommended Larry My financial advisor recommended I contact Larry about reverse mortgage options. I live in a condominium so there were some extra hurdles Larry had to go through to get the association approved. He always stayed in touch with me and answered all my questions.
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They did tell her she’d get a $10,000 tax break. assessments cannot take priority over the mortgage payments, except when the payments are delinquent. But that’s precisely the moment at which the.
The partial federal government shutdown is complicating the already complicated process of getting. your mortgage payments while money is short. For example, Wells Fargo and LoanDepot list.