Posted on: 28th Aug, 2009 12:24 pm
I have a townhouse in Va. and the value is approximately $185K. I owe, however $162K. I will soon be 63 and I would like to consider a reverse mortgage.
My question is.... can I get one with this little amount of equity and if so, where? If not, how much more equity will I need in the home to be able to qualify?
My question is.... can I get one with this little amount of equity and if so, where? If not, how much more equity will I need in the home to be able to qualify?
You cna find detailed information here
http://www.mortgagefit.com/reverse.html
http://www.mortgagefit.com/reverse.html
following page is also useful:
http://www.mortgagefit.com/reverse-eligible.html
http://www.mortgagefit.com/reverse-eligible.html