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buying a house where the owner has a reverse mortgage Can You Sell Your House After Doing a Reverse Mortgage. – A reverse mortgage doesn’t stop you form selling your home, any more than a regular mortgage does. You will have to pay off your debt when you sell, however. If, for example, you sell your home for $250,000 when you have a $150,000 reverse mortgage, you only keep $100,000 of the sale proceeds.
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GFO Advisory Services, LLC is a SEC registered investment adviser that provides investment advisory services to a group of private investment funds and other non-investment advisory services to affiliates. Mortgage products and services are offered through SunTrust Mortgage, a tradename for SunTrust Bank, and loans are made by SunTrust Bank.
LightStream will offer a rate that is .10 percentage points below the specific rate offered by a competing lender. Conditions: The interest rate (APR) must be for the same loan amount, loan term, loan purpose and payment method (auto debit or invoice) that are being offered by LightStream. The offer applies to fixed-rate loans only.
No Doc Loans Home Mortgage Loans with a Limited or No Income. – Most no doc mortgage companies also require you to provide a profit and loss statement that matches with the bank statements you provided. To get this type of loan, you will usually need to have at least a FICO score of 620. The maximum loan to value is normally 75%, so you have to have more than a 20% down payment.
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