QUESTION:

Can I get a reverse mortgage on my property?

Are reverse Mortgages available on co-op apartments?
asked by Restricted, 12/29/2011
Categories: Transitioning to Retirement
ANSWERS:
Answered by: Restricted, 12/29/11
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Are reverse mortgages available for co-op apartments?

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Answered by: New Retirement Editor, 01/17/12
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Unfortunately at this time, co-ops are not eligible for reverse mortgages. There have been rumors for quite some time now that this may change in the future, but as of current, they are still ineligible.

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