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Dear Newsmax Reader: Please find below a special message from our sponsoring advertiser, New Retirement. They have some important information to share with you. Thank you. Newsmax.com | * The Fine Print - All owners with names on title to the home must be at least 62 years old.
- The property must be in good condition as defined by the FHA appraisal and property requirements. The vast majority of homes in good repair will qualify.
- Equity in the home is the appraised value of your home less any mortgage(s), home equity loans or other liens against the property. The amount of equity required varies by age; the older you are, the less equity is required to qualify for a loan.
- Borrowers are responsible to continue paying property taxes, home insurance, and property maintenance costs.
- The results from our calculator are an estimate. A HUD approved lender will provide you with an exact quote.
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