QUESTION:

Am I eligible for a reverse mortgage

am I old enough to get a reverse mortgage at 54?
asked by tomtomandt, 3/8/2008
Categories: Reverse Mortgage Calculators, Reverse Mortgages
ANSWERS:
Answered by: SilverSurfer, 03/08/08
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Unfortunately you need to be 62 years old to qualify for a traditional reverse mortgage.

You may also want to explore a Home Equity Conversion - they are only available in certain states, but its an alternative method of tapping into the value of your home.

You can learn more on our site here:
http://www.newretirement.com/Services/Home_Equity_Conversion.aspx

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Answered by: martorana, 04/29/08
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Hi,My name is Frank Martorana and I manage a reverse mortgage company.At this time you are to young for a RM, but there are alot of other loan programs that might benefit you.

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