Sure you can, having a second mortgage does not mean you ineligible for a reverse mortgage. In general, as long as you have sufficient equity in your home to pay off your existing mortgages, this does not stop you from qualifying for a reverse mortgage. We also require all named home owners to be 62 years or older, and the property must be your main residence. The amount of money you can release from your home is calculated using the age of the youngest borrower, the appraised value of the home, and market interest rates at the time your loan is closed. There are so many ways a reverse mortgage could benefit your circumstances.

To discuss how American Advisors Group can help you, order a free educational DVD with the link or phone number provided. It will answer a lot of your questions and give show you the positive impact a reverse mortgage can have on your life.

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.