Important Reverse Mortgage News for Potential Borrowers

By Brittney Parks Reverse mortgages are a popular way for seniors to pay off their home loan, reduce debt, and supplement their income during retirement. The eligibility requirements for these loans are fairly simple. Borrowers must be at least 62 years of age, own an approved property, and have a substantial amount of equity in [...]

Posted Under: News
This post was written by John Andrew on December 10, 2011 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 [...]

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