All of the individuals listed on the title of a home must be 62 years of age to qualify for a reverse mortgage. So, if the title to your home is in both of your names, you cannot qualify at this time. If a co-owner is under age 62, that individual's name must be removed from the title in order to qualify for a reverse mortgage. For additional information read "Is a Reverse Mortgage Right for You?" at: Is a Reverse Mortgage Right for You?. This publication is a basic introduction to reverse mortgages. It covers how much money can be accessed, qualifications, counseling sessions, providers, costs, advantages, disadvantages, and additional sources of information. We would like your feedback on this Personal Finance Frequently Asked Question.
These resources are brought to you by the Cooperative Extension System and your Local Institution
Welcome
eXtension is an interactive learning environment delivering the best, most researched knowledge from the smartest land-grant university minds across America.
eXtension: more mind reach
Have a question? Try asking one of our Experts
I am 62, but my husband is only 58. Can we qualify for a reverse mortgage now?
Last Updated: August 11, 2011
Have a specific question? Try asking one of our Experts
Unlike most other resources on the web, we have experts from Universities around the country ready to answer your questions.
This resource area was created by the: Personal Finance community
Resource Area Feeds
In This Resource Area
- Consumer Credit
- Children and Money
- Consumer Education
- Estate Planning
- Financial Planning Process
- Health Finance
- Home Ownership
- Insurance
- Legal Topics
- Lifestyle Transitions
- Managing Money in Tough Times
- Military Money
- Money Emotions
- Money Management in Times of Disaster
- Retirement Planning
- Saving and Investing
- Talking About Money
Interactive Tools and Resources:
Click Here to Follow Us On Twitter