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Updated over 4 years ago on . Most recent reply
Reverse Mortgage to Pull Cash, Invest in Trust Deeds/Syndications
Has anyone used a Reverse Mortgage to pull equity out of their home and invest in trust deeds or syndications ?
Reverse Mortgage interest rates are about ~5%..
Our house has a 1st of 20% LTV...
My husband wants to get a Reverse Mortgage up to 40% LTV, to payoff the 1st Mortgage (20% LTV) and convert the remaining 20% LTV in the form of a credit line....
We want to use half of the credit line to invest in trust deeds and syndications at 8 to 10%...
Has anyone done this ?
Most Popular Reply
Don Konipol
#1 Innovative Strategies Contributor
Lender
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#1 Innovative Strategies Contributor
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- The Woodlands, TX
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Don Konipol
#1 Innovative Strategies Contributor
Lender
Pro Member
#1 Innovative Strategies Contributor
- Lender
- The Woodlands, TX
@Chris Mason
Good answer Chris. Reverse mortgages are mostly selling fancy packaging.
- Don Konipol
Private Mortgage Financing Partners, LLC