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Article originally published November 1st, 2016. Updated October 26th, 2018. One of the best things you can do to help ensure your best possible shot at getting the home you want is getting a pre-approved mortgage loan. Mortgage pre-approval is basically a promise from the lender that you’re qualified to borrow up to a certain amount of money at a specific interest rate, subject to a.
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Minimum Age Requirement For Reverse Mortgage Reverse Mortgage May benefit seniors 62 years And Up – GreenPath – A reverse mortgage is a loan against the equity in your home that you don't pay back as long as you live there. Seniors at least 62. To be eligible, you must have enough home equity and be 62 years of age or older.. So you don't need a minimum amount of income to qualify.. Counseling Requirement.
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