Given the size and diversity of the Pacific Rim Region, weâve identified a predominant economy in each Quarter to better evaluate this area economically. Within each Pacific Rim Region Quarter, a predominant economy is identified with respect to leading economic output figures and international trade activity.
12:40 pm. In general, to be eligible for a reverse mortgage the youngest homeowner must be 62 years old or older and have sufficient home equity. You must also meet financial eligibility criteria as established by HUD. Determining whether or not there is sufficient equity in the home is an FHA calculation that takes into account:
If you are thinking about a FHA-insured reverse mortgage and either you or your spouse is not yet over the age of 62, this is only one of the many choices you will be faced with and need to be aware what impact your choices will have.