Posted on: 03rd Apr, 2010 10:27 pm
My modular home is one year old and owe about $80,000 but own the land. House sits on permanent foundation. Is it possible for me to get a reverse mortgage with such a hign balance? Can you recommend some company websites that might consider this? Thanks!
It will be difficult for you to qualify for a reverse mortgage for a modular home. Lenders generally do not offer reverse mortgage for such properties.