Legal Question in Wills and Trusts in Maryland
My dad died with a reverse mortgage. I know I can get a regular mortgage to pay off the reverse. Can I get an investment loan and then rent the home? Would the new loan be considered a refinance or a regular investment loan?
Asked on 1/25/11, 12:55 pm
1 Answer from Attorneys
Phillip M. Cook
Cook Legal Services, LLC
It could be structured either way.
Answered on 2/09/11, 5:41 am
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