Can I own a second or vacation home?

By , Posted on Sep 24, 2015

You can own as many other homes as you would like to. The only condition when thinking about your Reverse Mortgage will be that you continue to primarily reside in the home you have the Reverse Mortgage on, meaning as long as you are not gone from that home for 12 months consecutively, you will be fine. That is the only issue to consider when discussing any other properties that you own, or are considering.

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