are their types of reverse mortgages that require little equity in the home. So long as one is over 65?

Not really, all of the reverse mortgage product rely specifically on the amount of equity in the home because that's how they determine how much money you will receive each month and that's also why there is no financial qualification process for the reverse mortgage.

Yes.. But you must have some equity.. The key is how old you are, to determine the maximum Loan to Value (LTV).. The older you are the higher the LTV allowed.. If you have 30% equity or more, then that's ideal, but the older you are the less you will need.. Also, you won't be able to get a monthly check, but you will eliminate your monthly mortgage statement.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

NO you need equity and 30% plus plus