In general, there is 4 years of college, followed by 4 years of  medical school, followed by 3 to 5 years of residency.   There are a few programs that combine college an â¦ d medical school to  6 or 7 years (depending on the program) instead of the 8 years.  A lot of school, but if it is your passion, well worth it!! You  need a medical degree, plus a residency in pediatrics. There are a few programs that combine college an â¦ d medical school to  6 or 7 years (depending on the program) instead of the 8 years.   A lot of school, but if it is your passion, well worth it!! You  need a medical degree, plus a residency in pediatrics.
You must own your home. For some reverse mortgage loans you must be at least 60 years old and for others you must be at least 70 years of age and have a low income. Note: For FHA reverse mortgages (HECM), you must be at least 62 years old. Your home must be your primary residence; you must live in it for more than half of the year.
Wait at least two years. Hereâs where you will need patience: You should wait at least 24 months to apply for a mortgage after bankruptcy. You may be able to get a mortgage after bankruptcy sooner, but the terms, like interest rates, won't be as attractive as they would be if you waited two years. Since you might be paying that mortgage interest for up to 30 years, you will save money if you wait long enough after the discharge to get a good interest rate. Tips for when you're ready to apply for a mortgage. After the two-year period, make sure you are fully prepared to apply for a loan. Your lender will want you to meet certain criteria before agreeing to lend you money: A good debt-to-income ratio, stability and time on the job.