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New mortgage - NY condo?

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sarahnds2no

Junior Member
What is the name of your state (only U.S. law)? FL/NY

Can a person who already has a reversed Mortgage on a Florida home get a new mortgage on a NY condo?
 


FlyingRon

Senior Member
If a bank was willing to write such a loan, I don't see why not though they usually want you to have some sort of income before they'll write you a loan. Further, that reverse mortgage is called as soon as they do not live in the property any more.
 

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