mortgage & home loan refinance | vase at home

What if my kids are on the title to my house?

What if my kids are on the title to my house?

The youngest homeowner must be at least 62 years old to qualify for a reverse mortgage.  If the children on the title are younger than 62 years old, one cannot take out a reverse mortgage.  It is still possible to secure a reverse mortgage if the title is in a living trust.  The lender will need to review the trust and approve it and it’s best to inform the lender of the situation as early as possible to avoid any issues later in the process.

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