Until recently it was possible to obtain a reverse mortgage at age 55.  However, this has changed recently with the Lender who offered reverse mortgage at 55 withdrawing from the market. The minimum age is now 60, giving prospective borrowers a Loan Value Ration of 15%.

This entry was posted on Tuesday, July 22nd, 2008 at 9:09 am and is filed under Equity Release Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.