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22 July, 11:47

How old do you have to be to get a reverse mortgage

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  1. 22 July, 12:13
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    Answer: Minimum 62 years

    Explanation: As per the rules, the youngest borrower must have attained the age of 62 years to qualify for reverse mortgage loan. There are several other requirements as well.

    HUD financial criteria also needs to be fulfilled by the borrower. The home in which borrowers be living must be their prime residence and the required home equity will also be required.
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