2 HECMs
My spouse and I file joint but are separated, living next door to each other. Can each of us qualify for a Reverse Mortgage?
Terry Says
A reverse mortgage can only be taken out on your primary residence, and you must be at least 62. And you must be equally responsible for property taxes, insurance and upkeep of the property.
So it would depend on how the property is titled.
But I’m guessing this is not the way to go, since it would be very complicated.
