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.
Reverse mortgages are unusual in that your credit score and income don't play a big role in qualifying. The main factors are your age and the amount of home equity that you have. The home must be your primary residence â you can't get a reverse mortgage for a vacation home or investment property. The reverse mortgage definition requires that you be age 62 or older to be eligible. You also need to have a minimum of 40-50 percent equity in your home to qualify..