Here are a few things to remember about eligibility for a reverse mortgage:
1. You must be at least 62 years old. If you're a married couple or co-owners then both of you need to be at least 62.
2. You must own equity in the home. An outstanding balance on the first mortgage is not a deal-breaker.
3. The house must be your primary residence.
If you need a referral for a good reverse mortgage specialist in the Hartford County area, please contact me off-line.