reverse mortgage - Mortgagefit

Compare Mortgage Quotes

Loan Amount :

Loan Term and Type

Property State :

Type of Loan :

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

disclaimer

reverse mortgage

sara

Posted on: 12th Jun, 2013 10:57 pm

can a reverse mortgage be a assumption loan if your name is on the deed
:(

Total Reply : 2

Hi formbutts,

As far as I know, reverse mortgage cannot be an assumption loan. You will have to pay off the existing loan in full and then get a reverse mortgage. You can even use the reverse mortgage proceeds to pay off the existing loan.

Take care

sara

Posted on: 13th Jun, 2013 12:45 am

Hi formbutts,

I agree with what Sara has said. Moreover, you should note that in order to get a reverse loan, you will have to be 62 years or more of age.

Thanks

jameshogg

Posted on: 13th Jun, 2013 08:22 pm

Post Your Comment