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Updated over 8 years ago on . Most recent reply

User Stats

142
Posts
21
Votes
Pauline Jones
  • Residential Real Estate Broker
  • New York City, NY
21
Votes |
142
Posts

what is the best reverse mortgage company for me

Pauline Jones
  • Residential Real Estate Broker
  • New York City, NY
Posted

I own a condo in Manhattan with a value of 600,000 I owe

240,000 in mortgages and am over 62, I've been reading

about Reverse mortgages and am overwhelmed, they

say that you can build a line of credit? and can sell

the property and keep the excess money...also

one can buy another property with the HECM...

I am having a hard time paying mortgages now

am two months behind, is reverse mortgage

a good option?

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