Is your house qualify for Reverse mortgage?

Dear friends are you thinking of getting Reverse Mortgage? If yes then you should clear one thing before applying that is your home eligible for reverse mortgage loans?

As not all type of homes are qualified for Reverse Mortgages, By taking this topic, today i will throw some light on this thing. I am describing below the houses which are qualify for Reverse Mortgage:

• Condominiums
• Townhouses
• Single-family homes
• 2-4 unit properties
• manufactured homes (built after June 1976)

In short co-operative houses are not qualified for reverse mortgages. But some private companies also lend on cooperative houses in New York.

For getting into details, click on to http://www.eaglenationwidemortgagetx.com/reverse-mortgages/