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Old 04-03-2005, 06:25 PM
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Reverse Mortgage

What is the name of your state?Florida
I am 40 years old and have about 50% equity in my home. I would like to return to school full time to complete my masters. Is there any type of reverse mortgage product available for people under 40?
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Old 04-03-2005, 06:59 PM
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Originally Posted by cc40
What is the name of your state?Florida
I am 40 years old and have about 50% equity in my home. I would like to return to school full time to complete my masters. Is there any type of reverse mortgage product available for people under 40?
I don't think a reverse mortgage is available for anyone under 62 years of age. One reason: your life expectancy is too long!

A reverse mortgage is a special type of loan that is only available to Senior homeowners age sixty-two (62) and over that enables them to convert some of their equity into cash.

(read the whole article):
[url]http://www.americanreverse.com/Florida_Reverse_Mortgage.htm[/url]
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