Qualifying for a Reverse Mortgage

Qualifying for a Reverse Mortgage

Qualifying for a reverse mortgage requires far less documentation and fewer credit conditions than a forward mortgage.  However, there are a few important requirements that must be met. Important Requirements: Borrowers in most states must be 55 years or older. Ages...
Reverse Purchase Can Help Baby Boomers

Reverse Purchase Can Help Baby Boomers

Content contributed by Choose Reverse, NRMLA, Statista, Longbridge and FHA: Baby Boomers are sitting on trillions in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA). These homeowners are seeking different retirement solutions to...
Four ways a reverse mortgage can help you

Four ways a reverse mortgage can help you

From an article by Aly Yale. Updated on May 16, 2023 / Getty Images/iStockphoto / CBS News – There are multiple benefits to taking out a reverse mortgage. A reverse mortgage is a type of loan that pays you. Unlike a traditional mortgage, which requires you to...