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Who Qualifies? As with any type of loan products, qualification criteria changes regularly and varies by lender, but to qualify for most reverse mortgages you must own your home, have equity, and be 62 years of age or older. To read whole article click here
Reverse mortgages are very different from any other loan product on the market. The purpose of this article is to briefly touch on the basics. What is a Reverse Mortgage? A reverse mortgage is a loan against the equity of your house. You can turn your equity into cash without having to make month...