"You certainly meet two of our requirements for a reverse mortgage, but there are a couple of additional factors to take into account. You're correct in saying that age and ownership are important, but you must also live in the property you wish to reverse mortgage, so it can't be a holiday home or an income property, and you can't move out of it for more than 12 months. Also, the amount we can loan to you is dependant on your age, the current interest rates and the value of your property. If you have an existing mortgage, we look at the size of the remaining mortgage balance versus the value of your home. If you owe too much to make a reverse mortgage feasible, you may not be eligible. The best way to see if we can help you is to call in and speak with one of the team here. We'll be delighted to speak with you, and we sincerely hope we can assist you to make the right decision for you.

If you have any more questions about reverse mortgages, why not order a free educational DVD from us. We'll send you a copy in the mail if you follow the links provided on this website. "

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.