So far, you have read about how important good credit and your income-to-debt ratios are to obtain a favorable mortgage. Now you can forget it. For a reverse mortgage, none of that matters.
What is important is that you are 62 years old or older and that your home is free and clear of any other loans and mortgages, or at least has a lot of equity. A reverse mortgage is a completely different type of loan. If properly used, it can be the best thing to happen to many seniors since Social Security.