When will I be eligible for a Reverse Mortgage?

IF YOU ARE 62 OR OLDER, YOU ARE ELIGIBLE FOR A REVERSE MORTGAGE

DEAR BOB: When my mother, age 85, passes away, her house will become mine. I have lived in her house for over 30 years. I am now 58. When I inherit the house, will I be eligible for a reverse mortgage? – Sharon A.

DEAR SHARON: After you become 62, you should be eligible to obtain a reverse mortgage secured by your principal residence.

We have put together a Reverse Mortgage Questions page.

Source: Bob Bruss