We have a reverse mortgage but can't afford property taxes. Is there a bank that will include them in the reverse mortgage?

Unfortunately Reverse Mortgages do not pay property taxes and insurance.. You should contact your county and see if there is a solution.. Some counties offer reduced taxes for retired individuals with limited income.. But in any case, the taxes will need to be paid.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

EMail me at yourloanpartnerforlife@live.com I have someone in NEW YORK ,that might be able to help you linda

Many elderly individuals do reverse mortgage for that purpose as they may not be able to afford tha property tax and a Reverse mortgage is an option to stay in the home. I don't offer reverse mortgages so I am not sure how of the equity position required to refinance but any Reverse mortgage leder should be able to help you. Good Luck!

I would need some additional information. Please give me a call. SharonCherry Hill NJ732 606 6264

The FHA HECM reverse mortgage program does not provide for a reserve for taxes and hazard insurance. Please contact me directly at 503-620-2239, to explore possible solutions.

Reverse loans do not allow for taxs to be included in them. Sorry

You may be able to refinance to pull out an additional sum of cash to self-escrow for your taxes in the future. Contact a New York loan originator. Good luck!

You would have to be responsible to cover the property taxes and insurance as well as the upkeep of your property. If you have enough equity in your home then you could use whatever Line of Credit is available to you for the purpose of covering taxes and insurance. Call me if you would like additional information or want to apply for a Reverse Mortgage loan.Frank J. AbbateMillenium Home Mortgage, LLC908-310-4746fabbate@mhmlender.com

Email me your full scenario and I can try to determine your best course of action.