"I'm afraid this isn't possible as you can only take out a reverse mortgage on your principal residence. If you meet our requirements on age, property value and existing mortgage debt, then you should be OK to take a reverse mortgage on the apartment you live in. You can't reverse mortgage the other apartment you own as they are two separate residences. Another point to note is that your apartment will need to have been approved by HUD (Department of Housing & Urban Development). If your apartment hasn't yet been approved, you can apply for it to go through the approval process. Contact us and we can quickly tell you if HUD has approved your apartment or not. You can also ask any other questions you may have about reverse mortgages and the ways we could help you lead a better life.

Also, please do request a copy of our informative DVD. It will answer a lot of your questions and give you greater insight into how reverse mortgages work. Click on the links provided and we'll post you a copy for free. "

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.