If you owe money on the house you can use part of your reverse mortgage to pay off your current debt.
More Quotes from Ken Scholen:
They said, 'We only loan against income'.Ken Scholen
If you're only going to be in your home a couple of years, the cost of this loan is very, very high.
Ken Scholen
One thing I always encourage people to do is seriously consider the alternative of selling and moving before doing a reverse mortgage.
Ken Scholen
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