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What conditions do I need to meet to apply for a housing reverse mortgage loan?
to apply for a reverse mortgage loan, you need to meet the following conditions: you and your spouse (spouse or other person) must be at least 62 years old, and you must own a property house, and this house is your first residence. Before applying for a reverse mortgage loan, your house can have a loan with the house as collateral or no loan. If your house has a loan, the housing reverse mortgage will repay the existing loan for you first.