Can anybody just simply take a reverse mortgage loan out? No. Residence Equity Conversion Mortgages (HECMs), probably the most common variety of reverse home loan, are a particular sort of mortgage loan limited to property owners that are 62 and older. Apart from age, there are many other demands to take away a reverse mortgage, including: Your property must certanly be your major residence, meaning it should be for which you invest most of the 12 months You must either […]