I’m looking for celebrities, either actors, musicians, or other television and radio personalities who have actually gotten a reverse mortgage (not just someone who endorses one on TV).

I am 60 and still rent an apartment i hard about reverse mortgage for home owner at 63
If i buy the house at 63 i be able to do the reverse mortgage right away ? or i have to made payment for some time.

Im 64 and my mortgage is paid off. I read from one lender that fees could run between $5,000 to $8,000. Is this a competive market or is this what I should expect?
Also, my wife ( co-owner ) is only 60 years old…. What problems will I have with eligibility? Should I just scrap this idea and is there another way to get my equity from my house. I am on social security retirement..with no other income and my wife is unable to work.

Property value 280,000 100% owned no morgage currently carried.

Hi, I’m learning about reverse mortgages and there’s one thing I DO NOT understand. Since home values can fluctuate, how can it be guaranteed that the amount owed at the end will not exceed the value of the house?

I am considering a Reverse Mortgage on my home. I’ve done my research, but I’ve never heard if anyone has had a bad experience.

Can the borrower get lumpsum amount ie. if the borrower want lumpsum amount of 3 lakh would he get it? or get only in monthly/quarterly/yearly ? and can he make repayment by monthly instalment immeadiate after sanctioned the loan …..Plz reply

I am looking for articles with free reprint rights to send to prospective reverse mortgage customers. I would use these in marketing and ads. Any articles relevant to Senior citizens would be appreciated. Any articles/tips on working reverse mortgages would also be welcome.

My friends were looking into getting one and I did not understand what it was. It sounds like it isn’t much different than a “second mortgage” that you receive in payments instead of in one lump sum, paying interest on this loan all the while. Correct?

can you file bankruptcy if you have a reverse mortgage?