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QUESTION:
age for reverse mortgage
Does anyone grant reverse mortgages at age 60
	asked by bearcat, 10/9/2008
Categories: Sell/Buy a Home

ANSWERS:
	Answered by: Editorial, 10/09/08 Overall Rating: Be the first to rate it.
No. Government regulations restrict Reverse Mortgages to those aged 62 and over. You may want to investigate: Home Equity Conversion -- Although this product is only available in a limited number of states. https://www.newretirement.com/Services/Home_Equity_Conversion.aspx Downsizing -- This can be a very efficient way to access your home equity. https://www.newretirement.com/Services/Relocation.aspx Login to rate this answer:
	Answered by: myfamily, 10/10/08 Overall Rating: Be the first to rate it.
yes Login to rate this answer:
	Answered by: Stephen_Kinney, 10/30/08 Overall Rating: Be the first to rate it.
There is at least one company that offers a reverse mortgage for 60 year olds. The simple 60 is offered by World Alliance Financial. You may also find this product through one of their correspondent lenders. Bear in mind that this mortgage is a private offering and not insured buy the Federal Housing Administration as most reverse mortgages are. (Please note: that at this writing the Simple 60 is temporarily suspended sue the lack of funds in the financial markets). Login to rate this answer: