Reverse Mortgages for
senior living may be
another possible option
when one homeowner
expects to remain at home,
while the other party needs
or wants to move to a senior
living community. With a
reverse mortgage, the
lender loans you cash
monthly based on the value
of your home. When you are
no longer living in your
home, the reverse
mortgage is paid back with
the proceeds from your
home sale. To qualify for a
reverse mortgage, you must
be at least 62 years of age,
own your home, and have
some equity in your home.
