Do you have to fix the pool on a reverse mortgage?

Reverse mortgages follow FHA guidelines, which are particular about swimming pools. “They don't want it to be a ... It's risky to use your own funds to make repairs on a home that's not yours yet – especially pool repairs which can range from a few hundred to a few thousand dollars. read more

Reverse Mortgages and Repairs to Your Home — What You Need to Know November 10, 2017 | by Kathleen Coxwell One of the biggest draws for reverse mortgages is their ability to help older adults remain in their homes, while also providing them with some additional cash flow via their home equity. read more