Just be prepared to show proof that you've made on - time payments each month and built enough equity in your home. (smartasset.com)
If there is not enough equity in the home to pay off the existing mortgage, you will be required to use your personal liquid assets to satisfy the difference. (reversemortgages.com)
Therefore, another area of consideration is that you must have enough equity in the home in order to qualify. (americanadvisorsgroup.com)