Posted on: 07th Oct, 2013 02:01 am
Hi... I need to know if reverse mortgages are possible on mobile homes for senior citizens? Are there any restrictions for taking out these loans?
Hi Guest,
Getting a reverse mortgage on mobile homes can be difficult as mobile homes quickly lose value. However, there is no harm in contacting the lender for the same. You can contact him and take his opinion.
Thanks,
Jerry
Getting a reverse mortgage on mobile homes can be difficult as mobile homes quickly lose value. However, there is no harm in contacting the lender for the same. You can contact him and take his opinion.
Thanks,
Jerry
Hi Guest!
Welcome to the forums!
I agree with what Jerry has said. But still if you meet all the required criteria of the lender, there is no harm in contacting the lender. After all, it will be the lender's discretion whether or not he will provide you with the loan.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
I agree with what Jerry has said. But still if you meet all the required criteria of the lender, there is no harm in contacting the lender. After all, it will be the lender's discretion whether or not he will provide you with the loan.
Feel free to ask if you've further queries.
Sussane