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JB Umphrey
JB Umphrey, Consultant
Category: General
Satisfied Customers: 20233
Experience:  Skilled at assisting with general information needs.
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This is a real estate question. I am almost 75 years old and

Resolved Question:

This is a real estate question. I am almost 75 years old and want to do a reverse mortgage on my home. I owe over $33,000 in credit card debt. Is this a good idea. I have checked with AAG and Trinity Mutual. They are both government backed.
Submitted: 4 years ago.
Category: General
Expert:  JB Umphrey replied 4 years ago.
Hi and thank you for using JustAnswer!

Please clarify: why do you want to obtain a reverse mortgage?
Customer: replied 4 years ago.
I need to pay off my credit cards and then I would like to upgrade my kitchen with new appliances. I have to bring down the stress level of having to pay credit card bills every month. I need to know if a Reverse Mortgage is a safe way to go and get the equity out of my home.
Expert:  JB Umphrey replied 4 years ago.
Yes, absolutely it is!

It has been my pleasure to assist you today with your information needs. If you have a follow-up question, please reply and ask it.

If you are satisfied that your question has been answered, kindly select the ACCEPT button to close this thread and so that I receive credit for assisting you today.
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