Reverse Mortgage Six Questions and How to Get Approved in Florida

 · If you’ve got no plans to sell for at least the first few years, you’re willing and able to take responsibility for the upkeep of the home and you have steady income, a zero down payment mortgage could get you into homeownership years sooner than you could if you had to save for a down payment.

To get a reverse mortgage loan, you must be at least 62 years old. In most cases, a current driver’s license is sufficient, according to reverse mortgage loan lending professionals.

Can I get approved for conventional? answered Aug 22 in Mortgage by mgracz (20.8k points) +1 vote. 3 answers. Equity To Qualify For Reverse Mortgage. answered Aug 21 in Reverse Mortgage by Lespata. reverse-mortgage +1 vote. 1 answer.. where you can ask questions and receive answers from other.

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To Qualify: Evidence of a completed counseling session with a HUD-approved Reverse Mortgage counselor is also required. A Reverse Mortgage Advisor can provide you with a list of authorized counselors. You have the option of meeting with the counselor in person or by phone. Your home must be a single-family residence,

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Reverse Mortgage on a condo in Florida Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

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With the capability of facilitating your reverse mortgage in all 50 states, you will have the benefit of working with four of the top six national reverse mortgage lenders in the nation. Please peruse the information on this site and feel free to contact me so that I may answer your questions and provide you with personalized information.