Furthermore, reverse mortgage qualifications are much simpler than traditional loans, which require many forms of verification and approval. In contrast, reverse mortgages require only that borrowers be age 62 or above, own at least 30% of the equity on their property, and that the property be the borrower's inhabited primary residence. Finally, since reverse mortgages are "non-recourse" loans, borrowers do not worry about leaving heirs with debt, as they will not be responsible for paying any decrease in equity during the course of the loan. Many seniors are going to find http://www.reversemortgagelendersdirect.com/reverse-mortgage-information/ to know more. Its help me lot.