Reverse Mortgagesv

How do I Qualify

If you and your spouse/partner are 62 or older and have sufficient equity in your primary residence, you should qualify. Unlike traditional mortgages, a reverse mortgage qualification is not based on income or credit score. You DO NOT have to own your home free and clear. The reverse mortgage is used first and foremost to pay off your current mortgage (if you have one). If you own your home free and clear, that just means that there is more available for you since there is not a mortgage to pay off.