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i am a mortgage broker, i do not believe an illegal alien can obtain a mortgage at all. That is one of the questions on the "respa" documents in all mortgage applications. You are not a good risk for a bank; at any time you can be deported. * For the person to obtain a reverse mortage they would need to be a homeowner with equity. Therefore, it would seem logical that they should speak with their current mortgage lender.
What else can I help you with?
Can an illegal immigrant obtain legal residency by marrying a US citizen?
No.
Can an illegal immigrant come to the us on a temporary basis if a us citizen ask for it?
If they obtain a visa, they are not illegal.
What part of Georgia can a illegal immigrant get a drivers license?
In Georgia, illegal immigrants are not permitted to obtain drivers' licenses.
Is there a number you can call to get an illegal immigrant license?
No, there is no number you can call to obtain an illegal immigrant license because driving without proper documentation is illegal. It is important to follow the laws and requirements for obtaining a driver's license in your country.
How can you obtain a mortgage wihout a Social Security number?
You cannot refinance a mortgage if you don't already have a mortgage, so how did you get a mortgage if you are an illegal immigrant with no social security number? You should attain legal status first.
How can one obtain financial freedom through a reverse mortgage?
A reverse mortgage is simply a loan on the house that the homeowner has to pay back once they leave the home. There really is no way to obtain financial freedom from one being that the person has to pay it back.
Can an illegal immigrant who has a child born in the US obtain a working permit even though they are not married?
No, they cannot.
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.
Can an illegal immigrant obtain a green card if he or she enters the military?
I doubt an illegal alien could even join the military, let alone get a green card. A illegal immigrant could not become a member of the US military, nor can an illegal immigrant obtain legal status under the current immigration laws. All foreign nationals who are unlawfully present within the US are subject to deportation when taken into custody by immigration authorities. Exceptions are made in individual cases, if the immigrant qualifies as an asylee or refugee.
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.
Can you get a reverse mortgage after getting a home equity loan?
Generally, no. The lender in a reverse mortgage wants to be able to obtain clear title to the home upon the death of the mortgagor or if the mortgagor defaults on the terms. It does not want to be in second place regarding another lien.
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.
