subject: How Does A Reverse Mortgage Work [print this page] The qualification does not need a particular income limit nor the credit score. They are not even asked. The only requirement is, that a senior has equity left in his home, where he lives permanently. So the loan is always taken against the equity of the home and it will be paid back, when the ownership will change, i.e. when the last borrower will move away, sell the home or pass away.
How Does A Reverse Mortgage Work
By: Juhani Tontti
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