Loan Requirements and Where to Learn More

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.



© 2007 The Washington Post Company