Reverse mortgage qualifications are based upon the youngest person on title for the property. Because the requirement is for borrowers to be 62 years or older, and the other borrower of your home is not yet 62, then you would not be eligible at the moment. If you wait until they are of age, then you will be eligible to get a reverse mortgage and find relief from your mortgage payment.

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.