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I wil be 62 on 4/`8/21/2012; can I apply for a reverse mortgage?

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archersusan Joined: 22 Apr 2011 Posts: 2 1.59 Dollars($)	Posted: Fri Apr 22, 2011 5:23 am    Post subject: I wil be 62 on 4/`8/21/2012; can I apply for a reverse mortg Like 0 Dislike 0 Do I satisfy the age requirement; I am 61 and will be 62 in less than a year. Do I satisfy the age requirement for a reverse mortgage.
raymond Community Expert Joined: 03 Jul 2009 Posts: 1189 Location: Irvine, California 27.86 Dollars($)	Posted: Fri Apr 22, 2011 7:49 am    Post subject: Like 0 Dislike 0 No, you must be 62. You can start the paperwork 90 days before you turn 62, but you can't sign the final loan documents until your birthday. _________________ Raymond Denton www.RaymondDenton.com
jameshogg Joined: 20 Dec 2005 Posts: 10467 Location: Nevada 988.72 Dollars($)	Posted: Fri Apr 22, 2011 8:03 pm    Post subject: Like 0 Dislike 0 Hi archersusan, As Raymond had said, unless you're 62 years of age, you won't be able to get a reverse mortgage. This is one of the major criteria that needs to be fulfilled if you want to qualify for a reverse mortgage. Thanks

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