DEAR BENNY: I have a house and some savings. My married sister is 66 years old and retired and her husband is unemployed, but they own a condo worth about $35,000, living off her Social Security and his small inheritance. ...Read More »
My husband took out a reverse mortgage in 2005. I was 58 and he was 62 at the time. I had to give him a quitclaim deed, and later I was put back on the deed. We have contacted our lender and asked if I could be put on the reverse mortgage or refinance it. They said no to both. We have tried to refinance with other companies, but were told we would have to come up with at least $30,000 to do this!
Tagged with: reverse mortgageRead More »