| Subject | Date Asked | Expert |
|
| Credit line | 10/19/2009 | Yan Ross |
Q: If my reverse mortgage has a credit line and I still have $100k credit still available and I need to ...
A: Yes, I understand that you would not be liable for any shortfall on the sale, assuming it's a HECM ...
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| Credit line | 10/19/2009 | Yan Ross |
Q: If my reverse mortgage has a credit line and I still have $100k credit still available and I need to ...
A: Ross. You pose an interesting question, but one that requires additional information for me to ...
|
| REVERSE MORGAGE ON CONDO. | 10/10/2009 | Yan Ross |
Q: My question is... I live in a 16 unit condo complex. I want to know how many condo's need to be ...
A: Crystal, First, I can't give you a legal opinion, especially not knowing in which State you reside. ...
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| Reverse mortgage with line of credit & | 5/13/2009 | Yan Ross |
Q: Would you please explain & help me to understand better how a "growth rate" that is attached to a ...
A: Do I need to get this RM here in Connecticut where I reside ? Since your home is in CT, the lender ...
|
| Reverse mortgage with line of credit & " Growth rate " | 5/12/2009 | Yan Ross |
Q: Would you please explain & help me to understand better how a "growth rate" that is attached to a ...
A: ang! The "growth rate" feature is available on many Reverse Mortgage loans, such as the ...
|
| reverse mortgage | 5/9/2009 | Yan Ross |
Q: We were just denied a reverse mortgage on a condo by Wells Fargo.Reason:Construction lien on whole ...
A: Richmond, First, there is probably not a direct way to avoid the lien on the overall condo complex. ...
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| Reverse mortgage | 4/5/2009 | Yan Ross |
Q: I have been tossing the idea around to obtain a Reverse mortgage just so I can remodel my condo ...
A: You are welcome! One further thought: you don't have to take down the entire available amount of ...
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| Reverse mortgage | 4/4/2009 | Yan Ross |
Q: I have been tossing the idea around to obtain a Reverse mortgage just so I can remodel my condo ...
A: "ang": You need to consider several issues in deciding whether the reverse mortgage is a suitable ...
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| Reverse Mortgage in Condo Complex | 3/2/2009 | Yan Ross |
Q: My parents, who are both in their late 70s, are interested in securing a reverse mortgage on their ...
A: Tina, First, I can't give you a legal opinion, particularly on Florida law. However, I can suggest ...
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| reverse mortrgages | 1/22/2009 | Yan Ross |
Q: My parents are in the process if buying a vacation home. They currently have a reverse mtg on their ...
A: Rebecca, Let me respond in two ways: theoretical and practical. Theoretically, the equity your ...
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| Buying a reverse mortgages | 11/8/2008 | Yan Ross |
Q: Is it in any way possible to buy a house that is reverse mortgaged to someone who does not live in ...
A: Daija, You pose a very interesting question. There are some facts that are not apparent, but I can ...
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| reverse mortgage | 3/23/2008 | Yan Ross |
Q: Good morning, Yan, I live on Long Island, NY. I'm extremely interested in a reverse mortgage. I'm ...
A: Judy, Thanks for the clarification. Just a couple of additional thoughts. RM calculation is based on ...
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| reverse mortgage | 3/23/2008 | Yan Ross |
Q: Good morning, Yan, I live on Long Island, NY. I'm extremely interested in a reverse mortgage. I'm ...
A: Judy, and thanks for your inquiry. You raise many questions in search of a comprehensive answer, and ...
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| Can a reverse mortgage be used to protect my assets | 1/15/2008 | Yan Ross |
Q: If my wife has to go into a nursing home permanently, can the reverse mortgage be used to shield my ...
A: Jules, There are several questions involved in the situation you describe. Let me try to respond ...
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| Reverse Mortgage | 9/12/2007 | Yan Ross |
Q: Yan - I have read up on and downloaded a lot of information on reverse mortgages but in all the ...
A: I'm glad you've asked for further clarification, because there are additional terms that affect the ...
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| Reverse Mortgage | 9/12/2007 | Yan Ross |
Q: Yan - I have read up on and downloaded a lot of information on reverse mortgages but in all the ...
A: David, First, the interest rate that applies to the reverse mortgage is not the same for all ...
|
| reverse mortgage | 5/14/2007 | Yan Ross |
Q: My Mom is retired and in her mid-seventies. She lives on $900.00 per month in social security with ...
A: Rosemary, Your situation is not unusual for adult children with aging parents. It is a positive ...
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| mortgage or reverse mortage? | 5/12/2007 | Yan Ross |
Q: My mother is 90 and not well. She lives with my sister in Sarasota, FL. Her own home has been for ...
A: Maguy, If it were my Mom (who's 94), I would be thinking about a home equity loan from one of the ...
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| mortgage or reverse mortage? | 5/12/2007 | Yan Ross |
Q: My mother is 90 and not well. She lives with my sister in Sarasota, FL. Her own home has been for ...
A: Maguy: The reverse mortgage is appropriate for homeowners who are over the age of 62, currently ...
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