Posted on: 19th Nov, 2013 01:11 am
I have a reverse mortgage on my property but now I want to make it mack to monthly payments. How will I do so?
Hi SK,
You will have to contact your reverse mortgage lender and get your existing loan refinanced into a normal conventional loan.
Take care
You will have to contact your reverse mortgage lender and get your existing loan refinanced into a normal conventional loan.
Take care
Welcome SK,
Yes, unless you refinance the loan, you will not be able to change the reverse mortgage into a conventional loan.
Yes, unless you refinance the loan, you will not be able to change the reverse mortgage into a conventional loan.