Loan Requirements and Where to Learn More

Network News

X Profile
View More Activity
Sunday, March 18, 2007

Qualifying for a reverse mortgage doesn't require income or credit tests, but it does require that . . .

· The borrower is at least 62.

· The property in question is the borrower's primary residence.

· The borrower continues to pay taxes and insurance.

For more information about reverse mortgages:

AARP and the Federal Trade Commission have compiled guides on these loans.

· http://www.aarp.org/money/revmort.

· http://www.ftc.gov/bcp/conline/pubs/alerts/revralrt.htm.


© 2007 The Washington Post Company

Network News

X My Profile
View More Activity