Sentence examples for applying for a reverse mortgage from inspiring English sources

HUD requires anyone who is applying for a reverse mortgage to talk to a counselor.

The new prevalence of lesser-known lenders, however, means it is even more important that borrowers do their homework, and complete free or low-cost mandatory counseling before applying for a reverse mortgage, Ms. Stucki said.

You would be required to get counseling before applying for a reverse mortgage, but you also should talk to an independent, fee-only financial planner to make sure this approach makes sense.

As it stands now, borrowers are required to see a HUD-approved lender before they can apply for a reverse mortgage.

Meanwhile, Ms. Constantine-Davis notes that HUD does not currently require both spouses to undergo counseling when only one of them applies for a reverse mortgage.

If you're 62 or older (the reverse mortgage age requirement) and have been thinking about converting your home equity into cash, you may want to apply for a reverse mortgage before the new rules kick in next month.

Sara opts for a reverse mortgage.

Up until now, just about anyone could qualify for a reverse mortgage.

It is possible to qualify for a reverse mortgage if you still have a regular mortgage outstanding on your home, but you have to use the proceeds of the reverse mortgage to pay off any existing home loans.

In 2004, with her home appraised at $180,000, a bank approved her for a reverse mortgage.

What is the prospect for a reverse mortgage when there is so much uncertainty?