Share-appreciation mortgage/home equity investment/reverse mortgage refi options

[David F.]

All things equal and assuming that other loan parameters like DTI/etc are met, does having a share-appreciation mortgage/home equity investment/reverse mortgage disqualify one from getting a refinance from a conforming/agency loan program?

[Caroline Gerardo]

Shared appreciation loans do not give more than 70% loan to value, depending on location less.

You cannot refinance conventional AFTER you record a shared appreciation agreement, it has to be paid in full/closed, you may have penalties.

You added reverse in the heading. That does not work with shared appreciation. Several types of reverse- HECMs you have to be 62 years old and your age is part of the factor of the LTV- generally 50-65% ltv depending on your age. You can refinance conventional and payoff a reverse- IF you have equity and can qualify. People do a reverse because their income is not enough to do a conventional loan.