Its an important question.You should get answer from any reliable reverse mortgage company. I have a reverse mortgage which name is reverse mortgage lenders direct. They are very helpful. You can get right answer from their .
Indeed you can be pre qualify for a loan, I checked with my mortgage adviser, it is descrimination , if somebody , says " No" , they need your credit and accordenly to your income, the will pre qualify.
For any assistance. Please feel free to contact me at 954 558 0910 or email to email@example.com . By the way I sell a lot of properties in seniour communities.
Glad to help you. Good luck
I like the idea of a "reverse mortgage" - Talk to your bank or mortgage lender. With a substantial down-payment, I can't see why a lender would object to approving such a loan.
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This link will show you a very informative site from the Federal Trade Commission; read under "lender's do's and dont's".....
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Charles Rutenberg Realty
As others have said, as long as you meet all of the qualifications and your credit score is in the acceptable range, lenders cannot disqualify you from receiving a loan based on an individual's age.