07-10-2011, 02:25 PM
|
|||
|
|||
reverse mortgage question?
What percentage of the home value can you tap into 60, 70, 80 percent? Can reverse mortgage payment be in one lump sum or must it be in monthly payments? Does the reverse mortgage have to be on the primary residence or can I put one on a property I bought for my son? Thanks for any help.The property in question appraised at $200k. Mortgage balance $0 Can you give me an example of the maximum amount I can draw per month the shorter the term the better.
    |
Linear Mode
