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If I decide to take a conventional mortgage now can I later decide to take a reverse mortgage at a later date.

by Ionia10104 from Fort Myers, Florida. May 11th 2018 Reply


Jim Marcinkowski (jimmarcinkowski)
#111 ranked lender in Florida - 224 contributions

Enter your answer here

May 11th 2018
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Jim Marcinkowski (jimmarcinkowski)
#111 ranked lender in Florida - 224 contributions

Yes, you can as long as there is equity in the property and you meet HECM's Financial assessment guidelines. Don't hesitate to call me at 239-936-4232 if you would like to discuss further. www.teaminlanta.com. Thank you! Jim

May 11th 2018
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Dan Paladin (dpaladin)
#1 ranked lender in California - 515 contributions

Yes..you can. Just meet the min age requirement and equity required along you can. There are other guidelines as well though meeting those two would be the start.

May 11th 2018
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Craig Prickett (cpmtgnow)
#158 ranked lender in Florida - 97 contributions

YES

May 12th 2018
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Todd Glassman (Todd Glassman)
#1 ranked lender in South Carolina - 118 contributions

Yes as long as you have equity in the home and meet HECM's/Reverse mortgage guide lines. We have a office in Florida. Penny James is our Reverse Mortgage Specialist. her number is 904-466-0110 to answer any questions you may have.

May 14th 2018
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,414 contributions

Yes.. you can do a reverse mortgage any time so long as you and your loan details meet eligibility requirements.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

May 14th 2018
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,754 contributions

Sure... You can always try to pay off an existing loan with a reverse loan, assuming you qualify for the loan, and assuming there is enough equity in the home.

May 16th 2018
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