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Amount of money I can take out of my house?

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Does it depend on the amount of equity I have in it? does my credit report play a part in this decision?
asked Aug 15, 2012 in Reverse Mortgages by Drake Peters Inquisitive Expert (1,480 points)
   

1 Answer

+1 vote
Yes when you mortgage a house your credit statement comes into account, as to what other loans you have and accordingly you will be credited with cash against the mortgage of your house.
answered Aug 14, 2013 by bmartin Inquisitive Expert (48,700 points)

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