Are there any income or credit score requirements when applying for a reverse mortgage?

I’m trying to figure out if I can even apply for a reverse mortgage. Are there any requirements like minimum/maximum income or a minimum credit score?
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American Advisors Group | Robyn Perry
There are no credit or income score requirements because you do nott make any monthly mortgage payments. The only payments or expenses you are responsible for after getting a reverse mortgage are your home insurance premiums, and your property taxes.

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.
Replied: 8/2/2010

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