Asked anonymously

Are there any reverse mortgage possibilities for a house that has less value than the mortgage balance?

Report Question Report

  Leave Answer

Sign in to MoneyTips
By submitting you agree to our Terms of Service

  Answers  |  1

October 13, 2015

Probably not. While reverse mortgage rules guarantee against declining house values in the future, they do so by capping the loan amount at today's value, usually somewhere <60% depending on your age.

$commenter.renderDisplayableName() | 09.26.20 @ 12:48