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Amount of money I can take out of my house?
+5
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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?
reverse-mortgage
asked
Aug 15, 2012
in
Reverse Mortgages
by
Drake Peters
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1 Answer
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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
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