Thanks to a set of new federal rules doled out earlier this week, it has now become a bit more difficult to obtain a reverse mortgage on your home. The good news, however, is that for those who do get them, they will have a lot less to worry about.

According to the new regulations, potential borrowers will be subject to a “financial assessment” to review the income, cash flow and credit reports of prospects.

“I think these changes are positive overall,” Phil Stevenson, a certified reverse mortgage professional and principal of PS Financial Services in Coral Gables, Fla., told Forbes. “They’ll affect five to 10% of potential borrowers and, in reality, those are the ones who probably shouldn’t have done reverse mortgages in the past.”

Image via flickr/American Advisors Group

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