QUESTION:

Age Requirements

Are there any exception to the 62 year of age requirement for a Reverse mortgage? A lot of options allow for those 55 to enjoy Senior benefits.
asked by xsassygirl, 10/6/2009
Categories: Reverse Mortgages
ANSWERS:
Answered by: krayfield, 10/16/09
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Dear Xsassygirl,
Right now, the minimun age is 62 and all borrowers must age-qualify. There are no exceptions, unfortunately.
Reverse mortgages can be great products - it's one very good thing about growing older!

If I can answer any more questions, please do not hesitate to call or email me. I love to help!

Karen Rayfield
(757) 287-3331
karen.rayfield@newamerican.com
New American Mortgage

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Answered by: Kathi, 11/18/09
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Do both spouses have to be 62 years old

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