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The minimum qualifying age for a reverse mortgage is 62

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Posts Tagged 'Home Purchase'

Purchase in Today’s Top-10 Retirement Cities

August 31, 2012 no comments

You may know that a reverse mortgage allows you to withdraw funds from the home equity you have built over time to help improve the quality of life in retirement. What you may not know is that you can also use a new kind of reverse mortgage to purchase a home in one of the top retirement destinations in the...
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Relocate with a Reverse Mortgage for Home Purchase

October 14, 2011 5 comments

As they age, many seniors gravitate toward warmer climates, family, or retirement-friendly areas, but dwindling income may make it difficult to relocate. The circumstances are ideal for considering a Reverse Mortgage for Purchase loan. This program allows people aged 62 or older to buy a house that they will use as their primary residence, using the proceeds from a Reverse...
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