QUESTION:

Wife not on original mortgage loan

Our existing mortgage loan is in my name only while both my wife and I are on title for the property. I am 72 and she is 64. If I die, can she get a reverse mortgage loan on her own?
asked by ronlapolla, 1/9/2008
Categories: Reverse Mortgages
ANSWERS:
Answered by: harry, 01/11/08
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yes

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Answered by: Chris Kreane, 09/30/11
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yes - this is a common strategy for those who want to take more equity out since your 72 you will be able to take out a larger % of the home value

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