Friday, April 18, 2014
Inquirer Daily News
Haven: The Changs'
Posted on Fri, Nov 12, 2010
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East meets West in idyllic home

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Some seniors don't qualify for a reverse mortgage, either because they are not old enough (you must be at least 62), or because their home equity, the difference between the value of their home and the balance of their existing standard mortgage, is too small. Such seniors won't waste much time on the effort. Any loan provider they contact will give them the bad news immediately, since they don't want to waste their time on deals that can't be done.