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