Retirement Planning Education, with Andy Panko cover image

#043 - Everything you wanted to know about reverse mortgages, with Josh Blum (Part 2 of 2)

Retirement Planning Education, with Andy Panko

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Is Reverse Mortgage a Different Story?

Credit score is irrelevant with the reverse mortgage. You're not being underwritten for payments of principal interest, taxes and insurance. In addition to that, assets can be treated as income. If you have a 10 year life expectancy, well, we've got $50,000 a year of assets now that we can treat as income. It makes qualifying much more realistic.

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