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I cannot afford my mortgage. What will happen to me if I turn over my house to the bank? How much will I owe?

Is Equitable Reverse Mortgage a good player in reverse mortgage?

Is Equitable Reverse Mortgage a good player in reverse mortgage?

My husband died with a reverse mortgage on our property. What are my options?

My husband died a month ago. He had a reverse mortgage with a balance now due of $140,000. The deed is in name of his revocable living trust, I am primary successor trustee, the house is valued at $180-190K. My question is since I would like to stay here and pay off the loan-what is my best option? We own a condo that is free and clear, worth about $200K but my son is living there for the co...
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Should my mom get a reverse mortgage, and pay off her credit cards?

My mom has approximately 60000.00 in credit card debt. She is 80 years old and has no mortgage on a 80-90 thousand dollar house. She has approx. 15 thousand in the bank. These credit cards are maxed out and are beginning to eat into her savings. Question? Should my mom get a reverse mortgage , which would be about 55 thousand, and pay off her credit cards

Can I take out a reverse mortgage on a second home?

Can I take out a reverse mortgage on a second home?

Hi, I sell reverse Mortgages. I also want to educate seniors of potential scams. Any ideas on how I can do both?

Hi, I sell reverse Mortgages. I also want to educate seniors as to the potential dangers of Reverse Mortgage scams. I'm feeling that to do both on a given presentation could hurt the Reverse Mortgage industry in that if the senior did not enroll he might spell out he dangers of a Reverse Mortgage at say a senior center scareing other seniors and hurting my future business. Any ideas rega...
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Should my 86 year old mother consider a reverse mortgage?

My Mother is 86 yrs old and receives SSI. Her home is paid for and is appraised for taxes at 54,000. She needs more cash flow to pay bills, have plumbing repairs made, keep her car running, etc. Should she consider a reverse mortgage?

What is the difference between a fixed-rate and an annual adjusted rate reverse mortgage?

I'm in the process of doing a reverse mortgage. What is the difference between the fixed rate and the annual adjusted rate and also how it will ultimately affect my situation/future with respect to doing a reverse mortgage? Please respond ASAP as I am already in the process.

Are all reverse mortgages calculated using the adjustable rate on interest? If so, why?

Are all reverse mortgages calculated using the adjustable rate on interest? If so, why?

Should we refinance the house with a reverse mortgage or take out a line of credit on our own homes to avoid foreclosure?

Our mother died, we inherited the house and 1 yr later, the $180,000 reverse mortgage is due, her house has not sold. Should we siblings refinance the house or take out a line of credit on our own homes to avoid foreclosure.  Should everyone get an equal share if only person takes out the loan because, the other siblings have poor credit, no home or money.