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QUESTION:
Reverse Mortgage different ages
On a reverse mortgage through FHA, if One party on the house (which is paid off) is 88 and the son is only 50 can you still get a reverse mortgage and are there payments? If this would not work, what options are there to get money from the house to pay off debt besides mortgaging it?
	asked by larrymarci, 1/27/2008
Categories: Reverse Mortgages

ANSWERS:
	Answered by: Editorial, 01/28/08 Overall Rating: Be the first to rate it.
Very interesting question. Unfortunately, I think that all parties on the mortgage must be over 62 to qualify for a Reverse Mortgage. There are though other options: -- Home Equity Loan -- Home Equity Conversion -- Downsizing to a less expensive residence You can compare these ways to tap into your home equity here: https://www.newretirement.com/Services/Home_Equity_Solutions.aspx Login to rate this answer:
	Answered by: YourReverseMortgageGuy, 02/25/08 Overall Rating: Be the first to rate it.
If your son's name is not on the home title then it wouldn't have an impact on your ability to secure a reverse mortgage. Jeff YourReverseMortgageGuy.com Login to rate this answer: