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#432195 - 01/24/14 06:11 PM Reverse Mortgage
thedisciple516 Offline
Junior Member

Registered: 01/24/14
Posts: 1
Loc: New York, NY
If there is, I'm sure it's not called such, but is there an equivalent of a Reverse Mortgage for young people under 63, where the point at which the bank takes ownership of the home is a set # of years or maybe even the termination of the mortgage?? thanks for your help

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#432501 - 01/31/14 04:39 PM Re: Reverse Mortgage [Re: thedisciple516]
Midland Mortgage Offline
Junior Member

Registered: 01/31/14
Posts: 4
Loc: Midland, Texas, USA
I have yet to see another method for a reverse mortgage especially for folks who are under 62. A better option may be to sell your home and live in a lower income rental while you can invest the amount that you've earned in the sale.

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