Kentucky Reverse Mortgage

When I contacted one of my Kentucky mortgage clients he was concerned about his adjustable rate mortgage going up. He was self employed and did not have enough income on his tax return to qualify for a regular mortgage. He had been told by other lenders that with the mortgage mess all underwriters now require proof of income. They wanted to see his last two years of tax returns. Since he was 62 years old I told him about options available with a reverse mortgage. I would not need proof of income since he would never be required to make a payment. The reverse is based on date of birth, value of your home, and interest rates. The reverse was perfect for his situation. We paid off a high interest rate loan and gave him peace of mind. Now he can continue to be self employed without worrying about money.