Yes. I do recommend having both being 62 and on the loan. If something where

Sign up, and CougarBoard will remember which categories you want to view. Sign up

Report problem with this ad

May 6, 2015
12:48:39am

cougsrule

Yes. I do recommend having both being 62 and on the loan. If something where

to happen to the main borrower and the spouse was not on the loan they would have to sell the house. So it is best if both can be on the loan.

Report problem with this ad

cougsrule

Bio page: cougsrule
Joined: Apr 9, 2009
Last login: May 1, 2024
Total posts: 6,407 (26 FO)

Report problem with this ad

Messages

Author

Time

Has anyone heard of FHAs Reverse Mortgage home Purchase program for 62 year olds

steve3125

5/6/15 12:38am

Yes. It is expensive, but a great program for the right situation.

cougsrule

5/6/15 12:40am

They say no credit requirement and only one person has to be 62

steve3125

5/6/15 12:44am

Yes. I do recommend having both being 62 and on the loan. If something where

cougsrule

5/6/15 12:48am

They say that a change was made so both the 62 and the younger are on the loan

steve3125

5/6/15 12:59am

I will double check. I haven't heard that.

cougsrule

5/6/15 7:52am

It is true I double checked myself

steve3125

5/6/15 10:56am

Be careful...the ineligible and eligible non-borrowing spouse is not as clear as

cougsrule

5/11/15 5:05pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad