can you get a reverse mortgage at age 50?

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Answered: What is a reverse mortgage and where can I learn more about how the

A reverse mortgage enables older homeowners (62+) to convert part of the equity in their homes into tax-free cash without having to sell the home, give up title, or take on a new monthly mortgage payment. The reverse mortgage is aptly named because the payment stream is “reversed ...

Answered: Any exception to age qualification for reverse mortgage?

Age qualifications for reverse mortgages depend on the lender. Most of them require a minimum age of 62, however I had heard of one a few years ago that was qualifing individuals at age 60 for Reverse Mortgages I'm not sure if that company is still around or offering the product anymore. The ...

Answered: How does a reverse mortgage work?

The reverse mortgage is a national program for homeowners age 62 and older, which enables you to access your home's equity without a monthly repayment. The reverse mortgage is safe and is Government-Insured by the Federal Housing Administration (FHA), a division of the Department of Housing and ...

Answered: Downside to reverse mortgages

The primary downside is if you have heirs and intend to leave them with the equity from your house. Many homeowners offset that negative with Life Insurance. The fees are expensive too, primarily due to the Insurance Premium. All the other fees are the same ones you see with a traditional Forward ...

Answered: Reverse mortgage

Hello, I have helped 100's of people get reverse mortgages. If you provide me with your email, I can email you some frequently asked questions and references of actual people whom I helped get a reverse mortgage. Please do not hesitate to contact me with any questions. Sincerely, Brian ...

Answered: Reverse mortgage

It impacts a Reverse Mortgage in the same manner as it impacts a traditional Forward Mortgage, with one major exception. The Reverse Mortgage will become due when the last person on Title no longer occupies the home as their primary residence. If a divorce results in you or your spouse leaving the ...
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How to become a Reverse Mortgage Agent

Hi, Call me to discuss. Brian, Metlife - 754-234-9559

Reverse mortgage tax question

The benefit of reverse mortgages is that they allow seniors to get extra tax free income. So, no, you will not have to pay taxes on the money you get from the reverse mortgage. http://www.articleinsider.com/mortgage/massachusetts-mortgages/reverse-mortgages

Do you have to own the house to get reverse mortgage?

>>Do you have to own the house to get reverse mortgage? The home must be the homeowners primary residence in order to get a Reverse Mortgage. >>who thinks that you can take out reverse mortgage with only 20 percent equity It's possible to do that, but the homeowner will need to contribute some ...

House Listed for Sale? Eligble to still do a Reverse Mortgage?

No - the house will have to come off the market.