Can I get a reverse mortgage if I have added my children to the deed of my home?

If your children are at least 62 years old and live in the home, then they can be included as an additional reverse mortgage borrower. This may be useful if your child is due to inherit the home. However if your children are not at least 62 years of age, or do not live in the home, then you have to remove your child from the deed before you can finalize your reverse mortgage. Typically they can be added back at a later date, check with your lender. Remember that a reverse mortgage size is determined in part by the age of the youngest person on the loan, so having your child on as part of the reverse mortgage will likely lower the available loan size.