Typical Reverse Mortgage Borrower

Are you considering a reverse mortgage loan?

If you are you may be wondering if you are a right fit for this particular type of mortgage product. As an effort to help folks dig into this question and find the correct answer for their unique situation I have given a brief and accurate description of the typical reverse mortgage borrower.

The typical reverse mortgage borrower is an elderly homeowner whom is in need of some cash and or cash flows. The borrower will initially own the home out right or owe very little. The borrower will live in the property secured by the reverse mortgage loan. Usually the borrower is single, widowed or divorced and lives alone.


  1. there are so many myths out there - seniors need to really do their research to find a reputable third party company who can help them select the best reverse mortgage and even while reviewing the benefits/cons of the program.

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  2. Loan Modification is arguably the most effective tool that can be used by homeowners in midst of financial hardship to prevent their homes from entering foreclosure.

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