Is there a length of residency requirement for reverse mortgage
Is there a length of residency requirement for reverse mortgage? If so, how long do I have to live in my property to qualify?
American Advisors Group | Robyn Perry
"There are no minimum requirements when it comes to the length of time you've taken residence in your home. As long as all people named on the title of your home are 62 years old or over and you don't owe a large amount of money to a regular mortgage company, we can certainly look into offering you a reverse mortgage. The best way to see if you are in the ideal situation for a reverse mortgage, is to call us, we'll be delighted to hear from you.
Also, please do apply for our free educational DVD too, we'll send this to you once you've completed the basic information requested on the link provided. It's packed with top tips to help you understand the reverse mortgage process from start to finish."
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: 10/21/2010
Also, please do apply for our free educational DVD too, we'll send this to you once you've completed the basic information requested on the link provided. It's packed with top tips to help you understand the reverse mortgage process from start to finish."
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.
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Ask Your QuestionMore Questions
- Is there a set maturity date on the reverse mortgage?
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- Does the bank own my home after I sign up for a reverse mortgage?
- How do I apply for a reverse mortgage?
- How do I designate who will receive my reverse mortgage debt?
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- Which reverse mortgage will cost me less?
- What are the pros and cons to a reverse mortgage?
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- What are the out of pocket expenses of a reverse mortgage?
- Would it be practical for me to get a reverse mortgage if I need financing for a short amount of time?
- Am I going to have to pay back my reverse mortgage if I choose to sell my home?
- What happens if my loan balance on my reverse mortgage is greater than my house value?
- How many lenders should I talk to before getting a reverse mortgage?
- What bills will I still be required to pay if I sign up for a reverse mortgage?
- What is the timeline and requirements I have to follow if I want to cancel a reverse mortgage?
- How long will I have to sign the paperwork once I get approved for a reverse mortgage?


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