credit trouble: Do I have to be in credit trouble to get a Reverse Mortgage? - 02/08/11 02:28 PM
Do I have to be in credit trouble to get a Reverse Mortgage?
Question:  I've heard that to get a Reverse Mortgage I have to be 62 and be in credit trouble.  I am not in credit trouble, but don't have a lot of retirement income.  Can I still get a Reverse Mortgage?
Answer:  This is a question I am asked often, and thank you for asking.
It's a rumor that you have to be in credit trouble to get a Reverse Mortgage, but you do need to be 62.
I will have to run a credit report initially when you … (8 comments)

 
Ellen Wright Adams, LoansByEllen- Licensed in Oregon  (Academy Mortgage.......We are a Equal Housing Lender)

Ellen Wright Adams

LoansByEllen- Licensed in Oregon

Eugene, OR

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Academy Mortgage.......We are a Equal Housing Lender

Address: 777 High ST # 240, Eugene, OR, 97401

Mobile: 541-521-7192

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