Legal Question in Real Estate Law in Florida
As a homeowner with a home mortgage and a line of credit(separate accounts with the same Lender),is it possible to do a Loan Modification that would consolidate both accounts into one
low monthly payment? I am retired and on a fixed income and my wife is ill.
Asked on 6/15/10, 3:59 pm
2 Answers from Attorneys
David Slater
David P. Slater, Esq.
You can consolidate these loans. Whether you can qualify for such a loan is another story.
Good luck.
Answered on 6/15/10, 7:48 pm
Yes you could. You may also want to consider a reverse mortgage if you qualify.
Answered on 6/16/10, 5:26 am
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