Does a Reverse Mortgage Loan Show Up on my Credit Report?

Reverse Mortgage Credit Issues

Since there is no monthly payment required for the reverse mortgage loan (other than property taxes, homeowner’s insurance and other property charges), the loan does not appear on your credit report and it is not reported by the credit bureaus. If you have any questions about this, be sure to call!  855-469-7383 Don’t forget to […]

Read more

Does my Credit Score Affect my Chances of Getting a Reverse Mortgage Loan?

Reverse-Mortgage-Credit-History

At this time (December of 2018), there is no minimum credit score for the reverse mortgage loan. However, your income and payment history can affect whether or not you qualify for a reverse mortgage loan. Why? Well, it is very important to the lender to ensure that the reverse mortgage loan is a sustainable solution […]

Read more

top