How Old Do You Need To Be To Qualify?

The short answer is 62 or older. That’s the age limit for qualifying for a reverse mortgage loan. However, if your spouse is going to be on the loan with you and you’re 62 or older but your spouse is under 62, you can still qualify for a reverse mortgage loan.. READ MORE HERE

 

How Much Can I Borrow On A Reverse Mortgage Loan?

The basic bottom line way to think about it is, it’s very low loan to value ratio, so the total loan amount versus the value of your property.. READ MORE HERE

 

Does My Home Qualify For A Reverse Mortgage Loan?

There’s a few things we look at for this.. READ MORE HERE

 

Will I Lose My Social Security And Medicare If I Get A Reverse Mortgage Loan?

These are very, very important questions to consider when you’re looking at a reverse mortgage loan. And the answer is no.. READ MORE HERE

 

Do I Have To Maintain Homeowner's Insurance If I Have A Reverse Mortgage Loan?

One of the most common questions we get is, do I need to maintain homeowner’s insurance on my property?... READ MORE HERE

 

Is Interest Tax Deductible On A Reverse Mortgage Loan?

No.  The reason why is you’re not actually making a payment. Typically on a reverse mortgage loan, one of the reasons why a lot of folks look at reverse mortgage loans is because payments are optional.. READ MORE HERE

What Is A Maturity Event With A Reverse Mortgage Loan?

If all borrowers on the reverse mortgage loan pass away, then the reverse mortgage loan would become due and payable. Now there’s exceptions to this.. READ MORE HERE

What Is The Minimum Credit Score For A Reverse Mortgage Loan?

It doesn’t matter if your credit score is low, or if you’ve had credit events in your past, you can still qualify for reverse mortgage loan because it’s not a credit-based mortgage product. Now... READ MORE HERE