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Profile picture for user5182228

hi, any info on reverse mortgages?

  • June 12 2012 - US
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Answers (4)

If your looking for info I have a power point presentation. Please email me for more info. I specialize in New York loans
  • June 26 2012
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Profile picture for luigilou
HUD also has a "reverse to purchase" program requiring buyers to put down about 35% of the cost of the home, which can  be single-family up to 4 units.  The owner must live in the property, pay taxes and insurance plus maintenance.  The home may be sold at any time the price equals the appraisal.
  • June 25 2012
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Profile picture for CliffAuerswald

We offer a free reverse mortgage calculation (hotlink deleted by Zillow moderator) provides accurate loan comparisons including current interest rates and closing costs. Simply input your age, estimated home value and click 'next step' to calculate your reverse mortgage options. 

  • June 25 2012
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A Reverse Mortgage is a HUD insured program for people 62 and older, that have a primary home with approximately 50% equity.  They can use those funds for any purpose they choose.  Qualifying is their age, value of home and current interest rate.  This is the basics but fill free to contact me with further questions.
  • June 13 2012
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