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Do you have a mortgage from AARP Reverse Mortgage?
No I do not have a mortgage from AARP Reverse Mortgage because I am not 100 years old. That is for old people who need money and do not need their house any longer because they will be dieing soon.
How does a reverse mortgage affect the credit score?
eliminates the old mortgage, otherwise no effect
Your age is 55 Are you eligible for Reverse Mortgage?
No. One has to be over 62 years old to get qualified for Reverse Mortgage.
How old do you have to be to qualify for a reverse mortgage?
== Over 62 years.
Can you buy a new home if you still own and owe a mortgage on your old home?
If you are intending to keep your old home and buy a new home as well, then whether you can get another mortgage would depend on whether you could afford the payments on both mortgages. If you are intending to sell your old home, then the mortgage on that home would disappear when the home closed. Also, getting another mortgage would again depend on your income.
Do you have a mortgage from AARP Reverse Mortgage?
No I do not have a mortgage from AARP Reverse Mortgage because I am not 100 years old. That is for old people who need money and do not need their house any longer because they will be dieing soon.
How does a reverse mortgage affect the credit score?
eliminates the old mortgage, otherwise no effect
How do you mortgage subordinate?
You can't subordinate a mortgage. One bank, the senior lender, sometimes subordinates their mortgage to a bank who is giving the homeowner a new mortgage. The subordination gives the new mortgage first place and the old mortgage becomes the second mortgage.
What are the best mortgage companies in Louisville?
There are actually a few popular ones. First Residential Mortgage, Benchmark Mortgage, and Old Colonial Mortgage are just three that are good to go with.
Your age is 55 Are you eligible for Reverse Mortgage?
No. One has to be over 62 years old to get qualified for Reverse Mortgage.
Can someone who is 90 years old get a mortgage?
It is possible for a 90-year-old to get a mortgage, but it may be challenging due to factors such as income limitations, credit history, and ability to repay the loan. Lenders may also consider the borrower's remaining life expectancy and may require a co-signer or larger down payment.
Can you get a reverse mortgage if you are disabled but only 57 years old?
no
How old do you have to be to qualify for a reverse mortgage?
== Over 62 years.
Can you buy a new home if you still own and owe a mortgage on your old home?
If you are intending to keep your old home and buy a new home as well, then whether you can get another mortgage would depend on whether you could afford the payments on both mortgages. If you are intending to sell your old home, then the mortgage on that home would disappear when the home closed. Also, getting another mortgage would again depend on your income.
Who do you contact to find out if an old mortgage has been paid?
The morgage provider
Who is responsible for my deceased 51-year old son's mortgage on his home?
The estate is responsible for the mortgage. However, if the mortgage isn't paid the bank will take possession of the property by foreclosure.The estate is responsible for the mortgage. However, if the mortgage isn't paid the bank will take possession of the property by foreclosure.The estate is responsible for the mortgage. However, if the mortgage isn't paid the bank will take possession of the property by foreclosure.The estate is responsible for the mortgage. However, if the mortgage isn't paid the bank will take possession of the property by foreclosure.
How do you qualify for a reverse mortgage?
To qualify for a reverse mortgage, the borrower must be at least 62 years old, own their home in full (or be able to pay the balance on their home with the proceeds of the reverse mortgage), and live in that home as their primary residence.
