Yes, it is possible. Usually the reverse loans are taken by the spouses, but actually three seniors can be the borrowers and the owners, but all must fulfil the qualifications. It is not needed, that these three are relatives to each other. The reverse loans are full of small but important details, and that is why it is wise to contact the counselor to get the correct answers. Unfortunately the information online can include false and even harmful information, so the recommended action is to prepare a list of questions and to arrange a meeting with the federal counselor.
Senior Reverse Mortgage What Is Really The Idea
By: Juhani Tontti
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