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The minimum qualifying age for a reverse mortgage is 55

Don’t forget to include your spouse’s age, even if they are not yet 55, as loan proceeds are always based on the age of the youngest spouse.

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From America's #1 Rated Reverse Mortgage Lender

Posts Tagged 'case number'

How to Get Your Case Number Before Financial Assessment Begins

February 5, 2015 2 comments

We have been sending updates regularly and this will probably be our last call to action before the Financial Assessment (FA) guidelines go into effect for the HUD Home Equity Conversion Mortgage (HECM or "Heck-um") reverse mortgage program. The new program parameters will require HECM borrowers to "qualify" for the reverse mortgage loans with income and credit criteria, not considered...
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