Question: With Reverse Mortgage Loan What Happens If I Am Put In Nursing Facility?

If you are away from your home and in a healthcare facility such as a hospital, assisted living, nursing home, or rehabilitation center for more than 12 consecutive months, your non-borrowing spouse may be able to stay in the home without paying off the loan, depending on when you took …

Readers ask: How To Transfer Construction Loan To Permanent Mortgage?

Steps you need to take to convert a construction loan into a permanent loan. Completion of the construction process. Getting a certificate of occupancy, final inspection by local governing body (county, city, etc). Shopping for a mortgage – permanent loans are offered by traditional lenders. • Contents1 Can I convert …

Often asked: How To Get A Mortgage When You Have High Student Loan Amounts?

Restructuring your debt through student loan refinancing may be one way to afford a mortgage loan. Creditworthy borrowers — or those who apply with a creditworthy borrower — can qualify for low interest rates, thereby saving money on their loans. You can also choose a shorter repayment term to get …

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