The elderly client is 72. COUNTRYWIDE will only give me a REVERSE MORTGAGE AT 43% LTV, ENOUGH TO COVER THE MORTGAGE - NOT ENOUGH FOR CASH OUT. LOCATED IN COASTAL MISSISSIPPI.
I WOULD APPRECIATE ANY SUGGESTIONS.
BILL HAYMON Mortgage Loan Officer FIRST SOUTHERN MORTGAGE Phone: 1-866-582-8416 Fax: 251-470-1891 Cell: 251-623-0460 BILL@1STSOUTHERN.COM WWW.1STSOUTHERN.COM
dkendall1979
10261 Posts
Posted - 07/24/2008 : 6:36:27 PM
www.helpufinance.com
They've got some aggressive HECM's that I know of.
rmcinturff
371 Posts
Posted - 07/24/2008 : 8:04:54 PM
If your home value is more than the lending limit of $200,160 for the entire state, you'll be able to get around $130,000. If your value is less, email me and I'll send you the quote right back.
Does that help?
Mr K- The links on that site don't work (unless my firewall is preventing access) so you may want to let them know since they are so agressive that you know of.