The FHA reverse mortgage is a powerful retirement tool. If you are 62 years or older, and if your mortgage is less than half of the home’s value, you can take out an FHA mortgage that has no mandatory payments. The spouse younger than 62 is protected.
Where to look for more information about the FHA reverse mortgage.
An LGBTQ gay couple can obtain a FHA reverse mortgage and the survivor will inherit the benefits of the reverse mortgage – even if the younger spouse was younger than 62 when the referse mortgage was obtained.