Reverse Mortgage Loan help?

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Does anyone know if I could qualify for a Reverse Mortgage Loan yet at age 52 since I am completely disabled & I won my home completely – it is paid off & I have no mortgage at all?
I did not mean I “won” my home, sorry! I meant I “own” my home!

  1. Reply
    May 2, 2011 at 11:01 pm

    Reverse mortgage loans are a VERY VERY VERY bad idea. Why not just talk to your bank and see if you could take out a home equity loan against your house?

  2. Reply
    May 2, 2011 at 11:25 pm

    If you are looking for a reverse mortgage to receive some much needed cash, you may want to look into a reverse mortgage wholesale loan. This is the perfect way for you to get a reverse mortgageagencies that sell reverse mortgage wholesale lender accounts. These agencies are the Federal Housing Authority, the Fannie Mae foundation and the Financial Freedom Cash Account.

  3. Reply
    May 3, 2011 at 12:07 am

    Reverse mortgages are only available for homeowners over the age of 62. You may have other options, however. I recommend consulting a mortgage broker or bank that is familiar with the needs of the disabled about home equity loans to provide support until you’re eligible for a reverse mortgage.

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