Reverse Mortgage Facts #5

Unlike traditional (or forward mortgages), it is much easier to qualify for a reverse mortgage. There are NO minimum credit score requirements. There are NO debt-to-income calculations. There are no income and asset verification (for refinances). Yes, credit reports are reviewed, but to check for liens and bankruptcies. To qualify, to youngest on title needs to be at least 62 at time of closing, and have that home as their primary residence. That's it. You already know the home does NOT have to be free and clear of mortgages - you can extinguish a current mortgage with the tax-free reverse mortgage proceeds AND never have a monthly payment.

What can you qualify for? Visit:  www.topflitereverse.com/florian