Posted on: 13th Jul, 2012 07:51 pm
can you get reverse mortgages on mobile homes and the property they are on
Hi cora,
In most cases, the lenders don't offer reverse mortgages on mobile homes because with time the mobile homes lose value. So, it becomes difficult for the lender to recover the payments later on.
In most cases, the lenders don't offer reverse mortgages on mobile homes because with time the mobile homes lose value. So, it becomes difficult for the lender to recover the payments later on.
Hi cora,
To know all about mobile homes and reverse mortgage, check out the given page: http://www.mortgagefit.com/discuss/homemobile-reverse.html .
Thanks
To know all about mobile homes and reverse mortgage, check out the given page: http://www.mortgagefit.com/discuss/homemobile-reverse.html .
Thanks