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The minimum qualifying age for a reverse mortgage is 62

Don’t forget to include your spouse’s age, even if they are not yet 62, as loan proceeds are always based on the age of the youngest spouse.

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Posts Tagged 'texas'

2013 Update: Reverse Mortgage Purchase in Texas Still Coming…

January 18, 2013 no comments

Update: 11/08/2013 Prop 5 Passes in Texas, But Implementation May Take Longer Proposition 5 passed by a wide margin this week, paving the way for HECM for Purchase to be offered in Texas. To pass, Prop 5 needed approval by 51 percent (50% plus 1) of voters, but the final tally was 62 percent. During the NRMLA Business Meeting, NRMLA...
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Purchase Reverse Mortgages in Texas Are Coming Soon…

October 22, 2012 no comments

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