• Question
  • looking for reverse mortgage or any programe can help me

    Asked by a 63 year old woman from Pembroke Pines, FL on 5/22/2018

    Not enough equity for reverse mortgage - what else can help me?
    I am 62 years old and already retired . I am not looking for a line of credit in a reverse mortgage but looking to stop my mortgage payments. I am looking to save the money used for current mortgage payments . Would I qualify for any program - I currently have a 4.75 fixed interest rate. I refinanced in 2011 and have little to no equity to date. Are there ANy programs that can help me?

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  • Categories: Retirement Planning, Out of Money

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • Hi,

    You may want to read this article and check out programs like Benefits Checkup

    https://www.newretirement.com/retirement/help-for-seniors-with-low-income-government-benefits-and-more/

    Best,

    Steve

  • Login to rate this answer:   Answered on 8/6/2018
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.