Q&A
Asked by MARILYN
Answered by David Skow
Mortgage Professional in Seattle , WA
Mortgage Professional in Seattle , WA
Marilyn - thanks for the question. In general
- yes. But a lot more information will be
needed to determine if this will be a
possibility. What are the loan amounts, t...
Q&A
Asked by paigestrick9
Absolutely this is a possibility and the type
of financing would depend on your long term
goals. If you are doing some home
improvements and expect to pay off the deb...
Q&A
Asked by Harvey2635
Answered by Sean Balcom
Sr. Homelending Manager/AVP of Sales in Northville, MI
Sr. Homelending Manager/AVP of Sales in Northville, MI
Yes, you can just replace that HELOC with a
new HELOC or get a Mortgage. You could also
replace it with a mortgage and a smaller
HELOC.
Q&A
Asked by Sean
You need to speak with a real estate attorney
sooner, not later. Without knowing how
ownership was vested, what state, etc, there's
no way to give you good advice in ...
Q&A
Asked by Neolia R
You can combine your first and second mortgage
into one new mortgage, but there a few factors
you would need to consider. You would have to
check the current rates on...
Q&A
Asked by Richard
When you say "extension", I presume you're
talking about increasing your loan size, since
reverse mortgages don't have a defined term,
and are only due when the last p...
Q&A
Asked by an anonymous user
Answered by David Skow
Mortgage Professional in Seattle , WA
Mortgage Professional in Seattle , WA
Contact a lender who is local to you and
familiar with co-op loans for some options.
The amount you are able to borrow will be tied
to your Social Security income.
Q&A
Asked by calvincritz
Answered by Robert (Bob) Shoff
Financial Adviser in Marshfield, MA
Financial Adviser in Marshfield, MA
Is there any equity left in the home? I would
contact the company that financed the reverse
mortgage to get the true facts and details.
Q&A
Asked by Paul
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Investment Manager (Financial Advisor) in North Charleston, SC
Hi Paul.
Can you elaborate on why you need to
refinance rather than just pay off the
debt?
If you are unable to pay off the debt,
how much more debt through refinanc...
Q&A
Asked by an anonymous user
Answered by Christopher Tanael
Wholesale Rep in San Marcos, CA
Wholesale Rep in San Marcos, CA
Yes, you can do this. Feel free to contact me
through my profile, I can help you.
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