Hello Clara -This really depends on several factors including your age, your home value and how much you owe on it, but what it does not depend on is your credit profile which is a good thing. Let us know if we can help further.

Hello Clara,I hope someone was able to help you with your reverse mortgage. If not, I would point out that not all lenders offer the same reverse mortgage programs. Some reverse mortgage companies don't offer the fixed for life 5.56% rate that is currently available. Some only use a 1 source for there reverse mortgages. I represent all the major reverse mortgage lenders and only do reverse mortgages. I have helped many clients who were told by less experienced reverse mortgage loan officers that they would not qualify. I recently helped a lady who was told by her local bank she would not be able to get a reverse mortgage. Reverse Mortgages are all I do!Feel free to visit my website at www.freeHECMguides.com for more information.

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Clara,To add to what has been stated, the minimum age is 62 years. Also, it is very important to understand the advantages and disadvantages clearly before proceeding. I hope this helps....

Hi Clara,A reverse mortgage allows homeowners (62+) to convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payment. Instead of making monthly payments to a lender, as with a regular mortgage, a lender makes payments to you. How Much Money you can get depends on your age,the appraised home value to name a few.In general, the older you are and the more valuable your home (and the less you owe on your home), the more money you can get. The most important question is Does your Home Qualify because if you are 62 or older, you have met the first reuirement - home value is the 2nd most imprtant aspect to consider.Hope this helps you let me know if we can further assist you.