FAQ Do reverse mortgages require an appraisal?
Reverse Mortgage Resource Center - 385-503-2224 - https://reversemortgageresourcecenter.com
Do reverse mortgages require an appraisal?
Yes, a reverse mortgage does require an appraisal. Sometimes a 2nd appraisal is ordered for a property. An appraisal determines the home's value and homeowner equity, which helps determine the max loan amount for the reverse mortgage. The appraisal must be completed by a qualified appraiser ordered by the lender.
Our team of experts is dedicated to answering any questions and concerns. Give us a call to schedule a no-obligation consultation, and let us show you how a reverse mortgage can benefit you.
Reverse Mortgage Resource Center
11240 River Heights Dr Suite 100
South Jordan, Utah 84095
385-503-2224
https://reversemortgageresourcecenter.com
Reverse Mortgage Resource Center - 385-503-2224 - https://reversemortgageresourcecenter.com
Can I add my daughter to my reverse mortgage?
No, you cannot add your daughter to your reverse mortgage after the loan is established. If your daughter meets all the requirements for a reverse mortgage, you can take out a new mortgage with both you and her listed as borrowers on the new loan.
Our team of experts is dedicated to answering any questions and concerns. Give us a call to schedule a no-obligation consultation, and let us show you how a reverse mortgage can benefit you.
Reverse Mortgage Resource Center
11240 River Heights Dr Suite 100
South Jordan, Utah 84095
385-503-2224
https://reversemortgageresourcecenter.com
Matthias Allred
Reverse Mortgage Resource Center - 385-503-2224 - https://reversemortgageresourcecenter.com
Do reverse mortgages require an appraisal?
Yes, a reverse mortgage does require an appraisal. Sometimes a 2nd appraisal is ordered for a property. An appraisal determines the home's value and homeowner equity, which helps determine the max loan amount for the reverse mortgage. The appraisal must be completed by a qualified appraiser ordered by the lender.
Our team of experts is dedicated to answering any questions and concerns. Give us a call to schedule a no-obligation consultation, and let us show you how a reverse mortgage can benefit you.
Reverse Mortgage Resource Center
11240 River Heights Dr Suite 100
South Jordan, Utah 84095
385-503-2224
https://reversemortgageresourcecenter.com
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