Sentences with phrase «qualify for a reverse mortgage large»

Since the loan accrues interest and the remaining spouse is not likely to be able to qualify for a reverse mortgage large enough to retire the existing reverse mortgage in the event of passing, the borrowers should have a plan for this eventuality.

Not exact matches

Not only does this limit how much cash can be accessed, homeowners with larger mortgage balances may not qualify for the loans any more since you need to be able to payoff all existing mortgages when getting a reverse mortgage.