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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:
Recreation, Relationships, Medicare Supplemental Insurance, Late Stage Retirement, Social Security, Reducing Retirement Expenses, Prescription Drug Coverage, IRAs, Life Insurance, Reverse Mortgages, Retirement Assets, Leisure and Lifestyle, Spouses, Medicare, Military Retirement Pay
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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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