Former Maryland Gov. Martin OâMalley has the support of just 2 percent of Democrats, while former Virginia Sen. Jim Webb â who exited the race this week â was at 1 percent, along with former Rhode Island Gov. Lincoln Chafee.
This is false since reverse mortgages are non-recourse loans. The only time a lender recovers his investment is when the home is sold or refinanced. You do not need a clean credit report to apply for a reverse mortgage. You can even have a small outstanding balance on your mortgage and still qualify.Even with different quotes, an HECM reverse mortgage is still the same: it is a multiple purpose loan that you can use as you wish.An HECM lender will not even look at your credit report.his is false since reverse mortgages are non-recourse loans. The only time a lender recovers his investment is when the home is sold or refinanced. You do not need a clean credit report to apply for a reverse mortgage. You can even have a small outstanding balance on your mortgage and still qualify.
Yes, you can get another mortgage, even if you let your last home go for less than what you owed, in a short sale. It will take some patience to qualify for a home loan after a short sale. You normally have to wait at least two years.lus, you'll need at least a 20 percent down payment, unless you're willing to wait even longer. Four years from your short sale closing, you'll be able to put 10 percent down to get a conventional mortgage; seven years after your short sale, you can get away with a down payment of less than 10 percent.