Who is Eligible for a Reverse Mortgage?
Are Reverse Mortgages Safe?
•
Own and occupy the home to be financed.
•
Are seniors 62 years old or older (a spouse can be younger).
•
Are legally in the U.S. and have a valid social security number.
•
Can demonstrate the ability to make the property tax and hazard insurance payments;
OR be able to establish a "set-aside" within the Reverse Mortgage to make these payments).
CREDIT AND/OR INCOME
ARE OFTEN NOT ISSUES, including bankruptcy and pending foreclosure.
OR be able to establish a "set-aside" within the Reverse Mortgage to make these payments).
CREDIT AND/OR INCOME
ARE OFTEN NOT ISSUES, including bankruptcy and pending foreclosure.
Those who . . .
TO LEARN MORE
Are
Reverse Mortgages
Safe?
Reverse Mortgages
Safe?
