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Step 1 - Reverse Mortgage Qualifying

This page will take you through several quick facts about Reverse Mortgage Qualifying. Follow all our steps in order and we promise you'll Save Time and Money!

Reverse Mortgage Qualifying



- - - - - - - - - - - - - - - - AGE LIMIT - - - - - - - - - - - - - - - -

To begin reverse mortgage qualifying all borrowers on the loan must be at least 62 years of age.

  • If you and your spouse are both 62 or better, you meet the AGE Qualification! Go to LIVING below.

  • If you are close to 62 use the "Contact Us" form below to ask questions and find out what your options are.

  • If you are 62 or better and your spouse is NOT yet 62 follow this link to find out what your options are
    • Reverse Mortgage Qualifying when Under 62 (Click Here)


    - - - - - - - - - - - - - - - -LIVING - - - - - - - - - - - - - - -

    You must live in the house that you want to get a Reverse Mortgage on.

  • If you live in the House you want to get a Reverse Mortgage on, you meet the LIVING Qualification! Go to EQUITY below.

  • If you do not live in the House you want to get a Reverse Mortgage on use the "contact us" form below to ask questions and find out what your options are.


    • - - - - - - - - - - - - - - - - EQUITY - - - - - - - - - - - - - - - -

    Your house can be paid off or you must have some amount of equity in your home for reverse mortgage qualifying. If you are not sure if you have enough equity, use one of the calculators in "Step 3 - Calculators" to find out.

  • If your house is paid off or you have some equity you meet the EQUITY requirement! Go to PROPERTY below

  • If you do not have enough equity in your home use the "contact us" form below to ask questions and find out what your options are


    • - - - - - - - - - - - - - - - PROPERTY - - - - - - - - - - - - - - -

    Your Property must meet certain guidelines for reverse mortgage qualifying.

  • If your Property is a standard SFR (Single Family Residence) you most likely meet the PROPERTY Requirements! Go to FEDERAL & OTHER ISSUES below.

  • If your Property is a Condo or PUD (Planned Unit Development) there may be special issues with regards to obtaining a Reverse Mortgage. Use the "Contact Us" form below to ask questions and find out what your options are.

  • If your Property is a Manufactured Home there may be special issues with regards to obtaining a Reverse Mortgage. Use the "Contact Us" form below to ask questions and find out what your options are.

  • If your property is a Mobile Home you most likely will not Qualify for a Reverse Mortgage. Use the "Contact Us" form below to ask questions and find out what your options are.

    • - - - - - - - - - - - - FEDERAL & OTHER ISSUES - - - - - - - - - - - -

    Outstanding Federal Tax issues, State Liens, Short Sale and other issues may delay or prevent you from getting a Reverse Mortgage on your property.

  • If you do not believe your Property has any of these issues Congratulations! Go to "STEP 2 - Types" by clicking the link below.

  • If you believe your Property may have one or more of these issues, use the "contact us" form below to ask questions and find out what your options are.

    • If you have more questions about Reverse Mortgage qualifying, try this link from a trusted source wikipedia More Qualifying Info (Click Here).

    TAKE ACTION! Your action item for "Step 1 - Qualifying" is to find out if you Qualify for a Reverse Mortgage. If you do...Great!...click the link below to go to "Step 2 - Types"

    >> Go to Step 2 - Types (Click Here)
    << Go to The Home Page (Click Here)

    Use the "Contact Us" form below to ask us questions about qualifying for a Reverse Mortgage. We never share your information with anyone! Call us Toll Free at (800) 801-1375

    Contact Us about Reverse Mortgage Qualifying
    Please note that all fields followed by an asterisk must be filled in.
    Send Me More Information
    Help Me Qualify
    I Do Not Know My Home Value
    Have a Top Lender Contact Me
    See My Comments Below
    First Name
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    Comments/Questions Here

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    www.reverse-mortgage-explained.com





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