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carbree4 · Joined: 07 Jul 2009 Posts: 1 1.30 Dollars($)

does the homeowner of the home have to live in the home its self. to recieve the loan

jenkin7 · Posted: Wed Jul 08, 2009 12:17 am Post subject:

Hi carbree,

A reverse mortgage can only be obtained on a primary residence. The homeowner has to live in the home to qualify for a reverse mortgage. There are various other reverse mortgage eligibility requirements which you need to meet in order to be able to qualify for the mortgage.

beatricejones33 · Joined: 08 Jul 2009 Posts: 9 3.93 Dollars($)

You definitely have to be living there to get a reverse mortgage.

raymond · Posted: Sat Oct 10, 2009 11:14 am Post subject:

You must reside in the home for a minimum of 183 days per year in order for your home to be considered a primary residence. The rest of the time you should be visiting friends in your RV or taking cruises.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Try this

Very detailed information

http://www.mortgagefit.com/reverse.html

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