As reverse mortgage is a loan against the equity in your home that you don’t need to pay back for as long as you live in the home, no income or credit qualifications are required.
No you don’t because the lender knows that you never intend to repay the loan. If you want a little bit more information on the requirements, here is an article laying it all out. http://money-411.com/reverse-mortgage-101/
As reverse mortgage is a loan against the equity in your home that you don’t need to pay back for as long as you live in the home, no income or credit qualifications are required.
Mia Jacob | Sep 8, 2010 | Reply
No you don’t because the lender knows that you never intend to repay the loan. If you want a little bit more information on the requirements, here is an article laying it all out. http://money-411.com/reverse-mortgage-101/
GatorswithGuns | Sep 8, 2010 | Reply