Qualifications
To qualify for a Reverse Mortgage, all borrowers must be at least
62 years old, and own their home.
A person may be eligible for a reverse mortgage even if they still
have a lien against the property. In fact, many seniors use the
proceeds from a reverse mortgage to pay off existing liens. Although
there are no income or credit requirements to qualify, there are
restrictions on applicants with defaulted federal debts.
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