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The minimum qualifying age for a reverse mortgage is 62

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Posts Tagged 'reverse mortgage for purchase'

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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