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Stringent reverse mortgage rules near implementation

WASHINGTON — Interested in a reverse mortgage without a lot of hassles? Get your application in now. On April 27, a series of extensive “financial assessment” tests will make applying for a reverse mortgage tougher — much like applying for a standard home mortgage.

4 Reasons You Could Be Denied a Mortgage

If you can't qualify for a mortgage, it's important to find out why. That way, you can address the problem that caused your application to be rejected.