This means that the reverse mortgage would not provide enough money to pay off the existing mortgage on the home – it is coming up "short." In this situation, some homeowners may choose to make up the difference by paying down the balance on their mortgage by the amount of the shortfall so that they can qualify for the reverse mortgage.
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Specialized Division of Atlantic Pacific Mortgage Corporation, the Reverse Mortgage Team, Now Offering Complete Reverse Mortgage Analysis on Website Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No x Indicate by check mark if the registrant is not required to file.