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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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Posts Tagged 'sell home'

Reverse Mortgage in Foreclosure After Leaving Home Permanently

March 12, 2015 2 comments

when you move out of your home while having a reverse mortgage do you have a certain amount of time to sell the house or is it due asap? Hello Deborah, The reverse mortgage loan is governed by the terms of your legal documents. In other words, the agreements you made with the lender and with HUD...
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