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Eligibility & Qualifying

· August 7, 2018

Is a Reverse Mortgage Right for You?

A reverse mortgage is not right for everyone. It tends to make the most sense if you plan to stay in your home for years, want to eliminate a monthly mortgage payment, or need to supplement income. It may be less ideal if you plan to move soon or want to preserve the maximum amount of equity for heirs. Honest guidance matters more than a sale.

Presented by Miguel A. Vazquez

California Reverse Mortgage Specialist · NMLS #401212 · 20+ years experience

Licensed CA Broker

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Instant answers pulled from our guides · not personalized advice

Is a Reverse Mortgage Right for You?

What You'll Learn

1Best if you plan to stay long-term
2Helpful for eliminating a mortgage payment
3Less ideal if you may move soon
4Weigh the equity left for heirs

More Eligibility & Qualifying videos

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Do Both Spouses Have to Be 62 to Get a Reverse Mortgage?

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Types of Homes That Qualify for a Reverse Mortgage

Is a Reverse Mortgage the Right Choice for You?

Is a Reverse Mortgage the Right Choice for You?

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Miguel A. Vazquez pays the upfront appraisal and credit-report costs and is reimbursed only at closing. If the loan does not close, the borrower owes nothing for these items.

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