Most home loan programs qualify borrowers by using their job history and income, something elderly homeowners may not have if they're retired. (thetruthaboutmortgage.com)
In cases like these, a reverse mortgage provides elderly homeowners with the most precious of commodities: time. (mortgagetalkcanada.ca)
These clients were mostly low - income and elderly homeowners trying to clear title to their property so they would be eligible for funding to make their homes safe and habitable. (trls.org)