Is a reverse mortgage for you? You can not answer this question until you know how much you qualify for. It’s quite simple. With your age, value of the home, and how much is owed against the home, you can find out how much you qualify for. Reverse mortgages are an FHA loan so with this information you can review the two dozen different reverse mortgage programs available to see if reverse mortgage is a good fit for you. Where reverse mortgage is different from traditional loans is your income and your credit score are not determining factors when qualifying for reverse mortgage.
Each program is designed for specific clients so speaking with a reverse mortgage expert is key when deciding on which program, if any, will meet your goal.
I love providing reverse mortgage information to people who want to see if reverse mortgage is for them. If you are interested in learning more about how a reverse mortgage would work for you, fill out the “Request a Quote” section on the home page for your personal quote.