QUESTION:

Age of Borrowers

Reverse Mtg-Do BOTH borrowers have to be age 62 or older?
asked by joniboggs@att.net, 5/30/2008
Categories: Reverse Mortgage
ANSWERS:
Answered by: Editorial, 05/30/08
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Yes, any homeowner listed on the contracts must be 62 years of age to be eligible for a Reverse Mortgage.

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