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Updated about 5 years ago on . Most recent reply

User Stats

555
Posts
261
Votes
Mike Franco
  • Los Angeles, CA
261
Votes |
555
Posts

are people getting loans that way exceed their home value?

Mike Franco
  • Los Angeles, CA
Posted

Look at this crapshack with so many high voltage lines near it.

According to the data and tax info, the home value estimate is about right, but look at the loan info.

I'm guessing that's a reverse mtg. But how are they getting loans way above their home value?

Are lending brokers trying to pad their own fees and commissions?

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