When you apply for a reverse mortgage loan, you will need to provide some documentation. A reverse mortgage loan is a loan, after all, and any loan against your home’s equity will require some paperwork.
Here we offer details on the documentation you’ll likely have to provide:
- Valid identification.
- Verification that the property is your principal address.
- Proof of income so you have enough money to pay property taxes and homeowners insurance.
- Certificate that you have undergone reverse mortgage loan counseling.