Posted on: 04th Apr, 2011 12:17 pm
we want to do a reverse mortgage on a manufactured
home. we owe $128,000.00
we have been told we can't
home. we owe $128,000.00
we have been told we can't
Hi jus!
Welcome to forums!
In most cases, the lender will want you to own the property free and clear in order get a reverse mortgage. Moreover, as it is a manufactured home, lenders won't be ready to give you a reverse home loan as they are concerned about the value of the property.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
In most cases, the lender will want you to own the property free and clear in order get a reverse mortgage. Moreover, as it is a manufactured home, lenders won't be ready to give you a reverse home loan as they are concerned about the value of the property.
Feel free to ask if you've further queries.
Sussane
>>we have been told we can't
What reason did they give you?
What reason did they give you?
