Home Equity Loans & Line Of Credit

Q&A
Asked by calvincritz
Answered by Robert (Bob) Shoff, Financial Adviser in Marshfield, MA
Is there any equity left in the home? I would contact the company that financed the reverse mortgage to get the true facts and details.
Q&A
Asked by DONNA
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello Donna: I'm not 100% clear on the supporting information for your question; was the home sold (and therefore no longer owned by you), or do you still own it bu...
Q&A
Asked by Neolia R
Answered by Samuel Kotzur, Loan OfficerPRO+ in Ocean City, MD
You can combine your first and second mortgage into one new mortgage, but there a few factors you would need to consider. You would have to check the current rates on...
Q&A
Asked by Vickey
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Vickey: I believe that Mark provided a thorough answer to your question, but I would add one more item since you are looking to take cash out. Take note of what you...
Q&A
Asked by Richard
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
When you say "extension", I presume you're talking about increasing your loan size, since reverse mortgages don't have a defined term, and are only due when the last p...
Q&A
Asked by an anonymous user
Answered by Mark Haynie, Mortgage Broker in Los Angeles, CA
Unfortunately, the 547 score is a lower score than any lender will consider. I recommend that you consult with a professional in the credit repair business and develo...
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