reversemort Posted April 30, 2013 Report Share Posted April 30, 2013 I currently have a mortgage or home equity loan on my property? Can I still get a reverse mortgage? Link to comment Share on other sites More sharing options...
2ndTimeAround Posted May 13, 2013 Report Share Posted May 13, 2013 I currently have a mortgage or home equity loan on my property? Can I still get a reverse mortgage? It depends on how much equity you have in your property. Years ago as a LO, the main requirements for a reverse mortgage was 62 or older, plus the LTV score 50% or lower. Spoke to many people about them, though I never sold one. Also discussed with many children after a death of a patent that had a reverse mortgage. If you have family, do not recommend reverse mortgages because it is a nightmare for your siblings to save your home. My $00.02 .. Link to comment Share on other sites More sharing options...
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