A reverse mortgage should always be in both spouses’ names – It’s also easier to get than a conventional loan. Credit scores, for example, aren’t a factor, making it attractive to seniors who have a spotty credit history or very little income. Though sponsored.
How to Find the Best Reverse Mortgage Lender | U.S. News – A reverse mortgage lets you borrow against your home’s equity so you get cash without selling your home. You can choose to receive a lump-sum payout, regular payments over time or a line of credit that allows you to take out money when you need it.
Reverse mortgage paperwork on the rise – Better get. can’t handle and that will eventually end up in default, “which is bad for them and bad for us.” Bottom line: tougher credit standards have come to reverse mortgages – finally. Before.