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The minimum qualifying age for a reverse mortgage is 55

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Posts Tagged 'tax'

Tax & Insurance Defaults Will Change Reverse Mortgages

October 19, 2012 12 comments

We just returned from the National Reverse Mortgage Lenders Association (NRMLA) annual meeting at which we were able to listen to several speakers from HUD who spoke about the reverse mortgage and some of the challenges they are having with the program. Seems that they are very concerned with the high number of tax and insurance defaults from many borrowers. The...
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