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Mortgage Community Forums | Announcements Feedback and Our Pub | I have a reverse mtg on my home.May I add a room or remodle the home?

I have a reverse mtg on my home.May I add a room or remodle the home?

Posted on: 13th Oct, 2009 10:12 pm
i wish do some remodeling to my home. i am four years into my reverse mtg.what effect will this have on my mtg? will i have to refinance?
You can use the money you get from your reverse mortgage lender to remodel the home. You will not have to refinance the mortgage for this purpose.
Niicss
Posted on: 14th Oct, 2009 02:14 am
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