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.
If you're worried that your father's estate won't retain the appreciation in property values, worry no more. Federal regulations require reverse mortgage lenders to provide up to a 30-day window for the heirs to determine what they'll do with the house. Should they choose to keep the house, a period of time of up to six months is allowed to arrange a sale or financing.