Can I Get a Reverse Mortgage if I Already Have a Mortgage?
What if I still owe money on a first or second mortgage?
You may still be eligible. Proceeds from your reverse mortgage would first be used to pay off any existing mortgage(s). This means the balance of your existing mortgage(s) will be added to the balance of your reverse mortgage. Mary Loeven, a licensed RMF loan officer can help you find out if you are eligible.
Mary Loeven
Reverse Mortgage Specialist – HECM for Purchase Specialist
NMLS #506596
Cell- (302) 246-5015
reversefunding.com/mary-loeven
This website has not been reviewed, approved, or issued by HUD, FHA, or any government agency. The company is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency.
Delaware Lender License No.012573
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