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What else can I help you with?
Does AARP offer a reverse mortgage to seniors?
Yes, AARP does, in fact, offer a reverse mortgage to seniors. You must be atleast 62 years of age and own your home to get a reverse mortgage with AARP as well as most other places that offer them.
Where can you obtain information on chase mortgage?
The best place to obtain information on Chase mortgages would be to contact Chase Bank and ask to speak to a mortgage lender and ask them about their different mortgages and their terms.
Where can one obtain information on JP Morgan Chase Mortgages?
Once can obtain information on JP Morgan Chase mortgages in a number of ways. This includes contacting JP Morgan Chase either in person, via telephone or online.
Can you get a reverse mortgage on property with your life use deed?
I will assume you conveyed your property to a family member and reserved a life estate in that deed. You may be able to obtain a reverse mortgage but the new owners of the property will need to sign their consent to the mortgage. In my area of Massachusetts the banks are granting reverse mortgages to seniors who retained life estates when they conveyed their real property to their children as long as the children join in signing the mortgage.
Are co-op apartments eligible for reverse mortgages in new york state?
In July of 2008, Congress passed and then President George W. Bush signed into law, the Housing and Economic Recovery Act (HERA). There were many provisions of that law which impacted reverse mortgages. Among them was a section of HERA which provided Reverse Mortgages for Co-ops. Since most private reverse mortgage bankers effectively stopped their reverse mortgages for co-ops, there are seniors who were anxious to see how this would come out and what the restrictions would be. Unfortunately, their anxiety continues.Despite the mandate of HERA and the continuing weak economy, over two years later, HUD has still failed to promulgate rules which would allow the banks to offer reverse mortgages to co-op owners here in New York and elsewhere in the country. HUD has not issued the required Mortgagee Letter that would permit reverse mortgages (HECMs) on co-ops.HUD has indicated many times that it would make reverse mortgages available to co-ops, but it has not done so. As recently as this past March, HUD said it would issue such a Mortgagee Letter, but nothing has been done. Approximately three months ago, HUD Secretary Shaun Donovan has said he would look into the situation. Again, nothing has been done.The problem is more acute in New York and in particular, downstate and the New York Metro area with large numbers of seniors owning and residing in co-op apartments. As seniors on fixed incomes, struggle to survive with rising taxes, medical and energy costs, I wrote to both of NY's Senators and my own congressman. Yet, over two years since HERA became law, co-ops are still not eligible properties because HUD has taken no action.The latest I've been told is that the new guidelines should be out by September, but I have been told deadlines before and they have come and gone over the last two years.While reverse mortgages are not for every senior, they do afford seniors the opportunity to work their way through their financial issues. It is imperative that HUD act now and issue the appropriate Mortgagee Letter, so the banks will resume reverse mortgages for co-ops. The best thing for you to do now is contact your US Senators and your local congressperson and let them know you are angry that for over two years nothing has been done to allow seniors to obtain reverse mortgages on their co-op apartments and demand that they contact HUD about it.For further information, contact reversemortgage@optonline.net.
Where can one find information regarding international mortgages?
The best place to find information on international mortgages would be at a financial institution. Speak to a financial adviser who can provide more information on how to qualify and obtain an international mortgage.
Is a reverse mortgage a good thing?
Reverse mortgages can definitely be a 'good thing' however it really depends on your personal situation. Many seniors find it beneficial to explore reverse mortgages if they are having trouble keeping up with bills or heath care expenses. A Reverse mortgage can help but allowing you to draw from the equity your home has built up over the years with out having to sell it. This can help many people retire more comfortably. In order to obtain an NJ reverse mortgage (or in other states I believe), you must be at least 62 years of age, live in your home as a primary residence, and own the home in full (or at least be able to pay the balance of your home with the proceeds of the reverse mortgage).
Can someone with bad credit still obtain mortgages in the UK?
Someone with bad credit can still obtain mortgages in the UK. Some of the companies that offer mortgages for people with bad credit are Alexander Hall and ASAP Mortgages.
Where can one obtain information on first time home buyer mortgages?
A first time home buyer can acquire information for mortgages from a variety of websites. Wells Fargo, HUD, US Bank, and Bank of America offer information that is designed for first time buyers.
Where can one obtain information about reverse mortgage loans?
The Federal Trade Commission consumer information site has valuable information about reverse mortgage loans. This site explains the different types of loans and their features.
Where could one obtain information about Chase Bank mortgages?
There is information on this on the internet and if you actually visit the 'Chase Bank'. There are many different resources where you can go talk to professionals on this topic.
Do you have to get a mortgage to buy a house?
No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.
