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I'm 42, can I get a reverse mortgage?

by mkapit_976_687 from Pleasant Grove, Utah. Oct 12th 2011 Reply


Clark Harvey (Clark@ClarkHarvey.com)
#47 ranked lender in Utah - 9 contributions

The minimum age to do a reverse mortgage is 62. For more information please visit http://www.clarkharvey.com/loan-programs/reverse-mortgages/ or you can call me at 801-562-9100. Clark Harvey

Oct 12th 2011
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Nathan Rufty (nathan.rufty)
#527 ranked lender in California - 63 contributions

the age for a reverse mortgage is 62, the loan amount will depend on age, older you are the more funds are avaliable to you and also depending in the zip code also depends how much you can receive

Oct 12th 2011
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Jason Hall (JasonHall)
#25 ranked lender in Utah - 79 contributions

You have to be at least 62 to get a reverse mortgage. But I can assist you with a regular one if you want to explore those options. I am in Midvale.

Oct 12th 2011
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Casey Persinger (casey@thelowpricelender.com)
#31 ranked lender in Utah - 30 contributions

Sorry not at your age you young whipper snapper, you need to be cruising Golden Corral at about 4:00 for dinner to qualify for a reverse mortgage

Oct 12th 2011
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Brett Pehrson (brettpehrson)
#19 ranked lender in Utah - 228 contributions

While you can't get a reverse mortgage until you are 62, you can actually apply at 61 1/2...you've still got a while to go. If you'd like some advice on other mortgages you may qualify for, I'd be happy to help. I'm here in Salt Lake.

Oct 12th 2011
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

You can apply at 61.5 but you must be 62 to fund... that being said, there is a great product out there called the Home Ownership Accelerator Program or HOA... it works like a first lien position line of equity but it's tied into your checking account. Depending on how much equity you have it can be a great vehicle to get your home paid off in less than half the time with no changes to your spending habits.. Check with your local Mortgage Broker, NOT A BANK, and ask if they have the HOA program... WilliamAcres.com

Oct 12th 2011
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