QUESTION:

No credit check before getting information

Can I get a quote on a reverse mortgage without a credit check in advance? Every time I request a quote on anything a credit check is run, thereby dinging my credit score. I have a credit score of 729 so do not fear to reveal it.
asked by luvbach1, 6/22/2009
Categories: Retired, Reverse Mortgage
ANSWERS:
Answered by: SilverSurfer, 06/22/09
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Hi Luvbach1,

A reverse mortgage is not dependent on your credit score - so the lender should not need to run your credit score. The only qualification filters are
- any party on the title needs to be 62 years old or older
- the homeowner needs to have enough equity in their home to qualify.

You can get a call from a licensed reverse mortgage specialist who can answer your questions by completing this form on this site: https://www.newretirement.com/Services/Reverse_Mortgage_Advice.aspx

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