Not exact matches
To qualify for a reverse mortgage, borrowers must be at least 62 years of age, own their home and occupy it as their
primary residence (
among other requirements).
Single - family homes, condos / co-ops, or a second home you rent out or visit while continuing to rent a
primary residence are
among choices today's first - time buyer faces.
These days, we're seeing an interesting trend
among first - time buyers, where more and more are choosing to purchase their second homes or weekend getaway vacation properties, before ever putting down money towards a
primary residence.