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QUESTION:
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ages of occupants/oweners | | On a reverse morgage what if only one of the owners is 62 or older and the other is younger? And what happens when the other person turns 62? |  | asked by george frun, 6/16/2008 |
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Categories:
Retirement Assets, Medicare, Life Insurance, Recreation, Social Security, Late Stage Retirement, Leisure and Lifestyle, Military Retirement Pay, IRAs, Reducing Retirement Expenses, Prescription Drug Coverage, Spouses, Reverse Mortgages, Medicare Supplemental Insurance, Relationships
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| ANSWERS: | | Answered by: Editorial, 06/17/08
Overall Rating:  Be the first to rate it. | All people on the mortgage must be 62 years of age to qualify for a Reverse Mortgage.
You are eligible for a Reverse Mortgage as soon as both of you are of age.
For more information on eligibility, please visit:
http://www.newretirement.com/Services/Reverse_Mortgage_Who_Should_Consider.aspx Login to rate this answer: |
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