will i quality for reverse mortage

Hello Clara -This really depends on several factors including your age, your home value and how much you owe on it, but what it does not depend on is your credit profile which is a good thing. Let us know if we can help further.

Clara,To add to what has been stated, the minimum age is 62 years. Also, it is very important to understand the advantages and disadvantages clearly before proceeding. I hope this helps....

Hi Clara,A reverse mortgage allows homeowners (62+) to convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payment. Instead of making monthly payments to a lender, as with a regular mortgage, a lender makes payments to you. How Much Money you can get depends on your age,the appraised home value to name a few.In general, the older you are and the more valuable your home (and the less you owe on your home), the more money you can get. The most important question is Does your Home Qualify because if you are 62 or older, you have met the first reuirement - home value is the 2nd most imprtant aspect to consider.Hope this helps you let me know if we can further assist you.