Will bankruptcy impact my ability to receive a reverse mortgage?
I filed for bankruptcy 20 years ago and have since been back on my feet and doing really well these past 20 years since. Will this hurt my chances of getting a reverse mortgage?
American Advisors Group | Phil Scott
Having previously filed for bankruptcy does not affect your eligibility for a reverse mortgage. We simply ask that all named title holders be 62 years or older, you use the home as your main residence, and you own the property outright or have a mortgage balance that can be paid off. I suggest you call us today to see how much you may qualify for, so you can look to your future with a real sense of financial stability. To find out more about how American Advisors Group can help you improve your situation, order a free educational DVD with the link or phone number provided. It will answer a lot of your questions and give you greater insight into the positive impact a reverse mortgage can have.
Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.
Replied: 4/4/2011
Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.
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- How many lenders should I talk to before getting a reverse mortgage?
- What bills will I still be required to pay if I sign up for a reverse mortgage?
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- How long will I have to sign the paperwork once I get approved for a reverse mortgage?


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