My wife is 65 and I am 62 WE have a home.
It has a 15,000 grant / lien for 5 more years
How does that Affect a reverse mortgage
We owe 45,000 WITHOUT THE grant and 60,000 with it.
The grant was for remodeling from a local Gov Agency originaly it was 30000 for 10 years in 2003 and they are reducing it by 3000 per year so now the balance is 15000
The home was estimated two years ago at $ 173,000 but now with the values down in 33904 I don’t know what it it would be worth
How would the lien / grant affect a revesrse mortgage –
I will ONLY respond to serious answers NO ONE LOOKING TO SELL A HOME
Thanks loanmaster that sounds LIKE RELIABLE ADVICE TO ME
GOODBYE SOLOMAE tee hee
I reported you