Posted on: 01st Feb, 2011 12:42 pm
My husband and I are trying to qualify for a reverse mortgage. I'm younger than the required 62 years. He's over 62. If I quitclaim my interest to him will this help us to qualify or is there more to it?
Hi Guest,
You should quitclaim your share of the property to your husband. It will make him eligible for a reverse mortgage.
You should quitclaim your share of the property to your husband. It will make him eligible for a reverse mortgage.