What conditions must a borrower meet to qualify for a reverse mortgage?
Introduction The property must be the primary residence, and the youngest borrower must be 62 years old to qualify for a reverse mortgage. The property must be wholly debt-free or, at the very least, have a manageable mortgage balance. You can quickly determine if you qualify based on the equity you have in your home using online reverse mortgage calculators that provide required equity ratios...
0 Comments 0 Shares 1308 Views