HUD: New protections for owners that came off title for spouse to obtain a reverse mortgage
In the past, some couples facing financial difficulty and the possibility of losing their homes, elected to have the younger spouse removed from title so they could get a reverse mortgage. Often this was because a spouse was under 62, stopping them from getting a reverse mortgage. Other times it…
Breaking News: FHA offers new protections for Spouses that came off title when getting a Reverse Mortgage.
Many times there is a significant difference in what an older spouse and a younger spouse will qualify for on a reverse mortgage; the older a person is, the more money they qualify for on a Reverse Mortgage. What do you do if the older spouse has enough to cover paying…
