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Reverse Mortgage definition of living in home

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Icon Mini Profile smorrison





Joined: 28 Jul 2008

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Post Posted: Mon Jul 28, 2008 7:52 am    Post subject: Reverse Mortgage definition of living in home
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My mother is currently in an assisted living home. Ostensibly she will return to her home when she is able. She meets all other criteria. Can she get a reverse mortgage since she is planning to return home when and if possible?
Icon Mini Profile shane
shane


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Joined: 03 Dec 2007

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Location: Orange County, CA
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Post Posted: Mon Jul 28, 2008 8:50 am    Post subject:
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She would need to live there at least 1 day every 12 months.
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Icon Mini Profile smorrison





Joined: 28 Jul 2008

Posts: 2

1.48 Dollars($)
Post Posted: Mon Jul 28, 2008 9:02 am    Post subject: Reverse Mortgage definition of living in home
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OK, thanks for the information!
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