American Advisors Group
Questions & Answers

Does a non-borrowing ineligible spouse have to provide financial information to AAG in order for the borrowing spouse to receive a reverse mortgage? If so, by what law or statute- or merely AAG rule- is this required?

Asked by helen c. on 6/1/2015

1 Answer

JR A.12/11/2015

Yes, if the income was needed and used to qualify for the minimum income needed to qualify under the recent program changes. It is usually not needed and therefor not used, and no proof is needed. KEY words here are "if it is needed to qualify for income purposes".

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American Advisors GroupQuestions & Answers

Does a non-borrowing ineligible spouse have to provide financial information to AAG in order for the borrowing spouse to receive a reverse mortgage? If so, by what law or statute- or merely AAG rule- is this required?