Sufficient equity: Since you're taking money out of your house, you need
a substantial amount of equity in your home to draw from.
Not exact matches
In general, you need a substantial amount of home equity in order to get a reverse mortgage loa
In general, you need a
substantial amount of home equity in order to get a reverse mortgage loa
in order to get a reverse mortgage loan.
This equates to roughly $ 30,000
in outstanding debt per borrower and does not include what may be a
substantial amount of education - related debt
in the form
of credit card,
home equity, and retirement account borrowings.
And
in addition we always paid some fairly
substantial amount for their
equity... I have seen many
of these folks sign over there
homes for 10 dollars.
Have A Financial Backup Plan — Many senior homeowners with a
substantial amount of equity often fail to consider the
equity in their
home as a source
of money for unexpected expenses, like
home repairs, or medical bills.
Many senior homeowners with a
substantial amount of equity often fail to consider the
equity in their
home as a source
of money for unexpected expenses, like
home repairs.