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Reverse morgage

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thomassandoval Guest 0.10 Dollars($)	Posted: Thu Nov 06, 2008 7:36 pm    Post subject: Reverse morgage my spouse and i are both on the loan for the house but she is 56 and im 62 does that mean we cant be approved for a reverse loan because we both arent 62 or older??..and if that is true is there any way to get around that. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jameshogg Joined: 20 Dec 2005 Posts: 1835 Location: nevada 272.70 Dollars($)	Posted: Thu Nov 06, 2008 10:21 pm    Post subject: Hi thomassandoval! Reverse mortgages are given to people who are 62 years or more of age. In your case, both of you will not be able to get the mortgage. However, you can get a reverse mortgage provided the property is in your name. Your spouse can quitclaim the property in your name and then you can easily get a reverse mortgage. Thanks.

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