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'Qualifications' Category Archives

Reverse Mortgages on Modular Homes & Commercial Use Now Eligible

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All Reverse Mortgage is pleased to announce enhancements to our reverse mortgage guidelines in the following areas: Modular Home Eligibility Modular homes are an eligible property type. Definition: A modular home is constructed of pre-made parts and unit modules that are transported on a flatbed truck from the factory to the building site. At the building site, these house sections are...
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Condominium Approvals Creating Reverse Mortgage Problems

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2018 New Program Alert: All Reverse Mortgage® Now Accepts Non-FHA Approved Condominium Projects on our All-New Platinum Reverse Mortgage Request our Non-FHA Condo Quote Today!  Question from our Reader:  Janna How long does take now to get FHA project approval on a condo project that was built in the late 1960's and has been FHA approved many times before? The...
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Reverse Mortgage Income Requirements: Will You Qualify?

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UPDATE: Financial Assessment has been postponed until 3rd quarter 2012 Borrowers interested in taking out a Home Equity Conversion Mortgage (HECM), or government-insured reverse mortgage, should be aware that they may face a new financial assessment that will look at their monthly income & cash flow to determine whether or not they are eligible for a loan. Lenders have...
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This material has not been reviewed, approved, or issued by HUD, FHA, or any government agency. All Reverse Mortgage, Inc. is an independent company and is not affiliated with, acting on behalf of, or endorsed by HUD/FHA or any government agency. This content is for educational purposes and is not tax advice. Reverse mortgage programs may not be available in all states.

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