About Reverse Mortgages

What Happens If Your Client Can’t Qualify for a Reverse Mortgage: Alternative Options

Unfortunately, not everybody can qualify for a reverse mortgage. Perhaps the homeowner doesn’t have enough home equity to pay off an existing mortgage, the property may not qualify, or one the spouses may be under 62 and quit-claiming them off title is not an option.

HECM Overview

The Home Equity Conversion Mortgage (HECM) is the oldest and most popular reverse mortgage product, accounting for 95-plus percent of the total market.