Reverse Mortgage Requirements

By Don Seibert
Since the Reverse Mortgage for Seniors program is all the rage these days, let’s take a look at what is required to qualify for and to obtain a reverse mortgage. In the United States, a person must be at least 62 years of age and own their own home to qualify for a [...]

Posted Under: Requirements
This post was written by John Andrew on July 5, 2010 Comments (0)

What Are the Borrower Requirements For a Reverse Mortgage?

By R W Taylor
The borrower requirements to obtain a reverse mortgage are that the youngest borrower must be at least 62 years of age and the property must be the primary residence. The property must be owned free and clear of any debt, or at least have a relatively small mortgage balance. There are reverse [...]

Posted Under: Requirements
This post was written by John Andrew on February 23, 2009 Comments (0)