Your Resource for Objective Reverse Mortgage Information. All reverse mortgage borrowers must be 62 and older. Must own property and occupy as primary residence. Participate in an information counseling session. Property must meet FHA property standards. Maintain home with needed repairs, property taxes and insurance. Lesser of appraised value or the FHA insurance limit. Step By Step Loan Process.

Are you an Agent? Agents, Join Free. Join Our Exclusive Reverse Mortgage Directory FREE. Get free national and local exposure to consumers looking for a reverse mortgage. We feature licensed reverse mortgage agents and lenders that can help you determine the best option for your specific situtation. The reverse mortgage is currently undergoing a number of proposed changes. Note, the current list of requirements below may change within the next year.

Thanks for visiting Scott Underwood, Reverse Mortgage Alabama, and iReverse home loans website. So what is a Reverse Mortgage. A loan designed especially for seniors, age 62 and older to gain access to equity in their home for current use, with no monthly payments for as long as you live in the home. I am local, experienced, and honest! Retirement and money experts nationally and in Alabama are now agreeing that the Reverse Mortgage is a good financial tool. To buy your next home. I will educate you on.

Information for seniors and their loved ones. A professor at Boston College and an expert on retirement, Reverse mortgages, which allow homeo.

Qualifying For A HECM Loan. Age and Equity are the primary factors in determining eligibility. If your equity or age has increased, you may be able to get more cash out. Reverse mortgages work on home purchases as well. Buying With A Reverse Mortgage. 62 years of age or older.