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Contributor

Our home is paid off.  We do owe $40000 on a motorhome, which is our only bill.  Our ari cindittion, may need repleacement, and out car has seem better days.  I have thought about a revers morgage,  ti oat iff tge nitirginem abd di the AC, and mybe if there is a little extra by a car.  Paying off the motorhome will free up $500 a monthe does anyone have advise or information on Revers Morgages???

2 REPLIES

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You have to be at least 60 toget a reverse mortgage. Are you talking about a home equity loan?
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Hi Karyl25,

Although I am not a mortgage specialist, someone in our mortgage department would be more than happy to assist you with any questions you may have. You are able to reach someone here at 1-800-531-8733. Thank you and best of luck to you!