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you should have roughly 40% as a down payment to qualify for the reverse mortgage - in some instances you will need a larger down payment upwards to 60% ( depending on your age, location, credit history and the lender you are working with )
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.