A reverse mortgage is a loan secured by your home. It allows you to access some of your home equity without having to move or sell. By entering some basic information, you can find out how much money you could be eligible for with our free reverse mortgage calculator.
This calculator is specifically designed to show you how the outstanding balance of a reverse mortgage can rapidly grow over a period of time.
This Loan Calculator is provided for illustrative and educational purposes only. The actual product offerings, interest rates and margins will vary as markets.
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The Reverse Mortgage Calculator will calculate exactly how much your mortgage balance will be after utilizing a reverse mortgage. Simply enter in the lump sum reverse mortgage advance payment received, the number of years to receive reverse mortgage payments, the reverse mortgage interest rate, and the reverse mortgage monthly payment received (not including the initial reverse mortgage.
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Our reverse mortgage calculator delivers instant results so you can quickly see what a reverse mortgage can do for you! Get started now. To receive an accurate proposal and quote please contact our office at 1-877-611-1329. ReverseMortgages.com holds NMLS #1313859.
Reverse Mortgage Calculator . The reverse mortgage calculator has two parts. In Step 1, basic information like property value will be used to help evaluate whether you meet some of the minimum requirements for a reverse mortgage. In Step 2, you can enter additional property information to determine how much you may be eligible for.
To qualify for a reverse mortgage, there are the following conditions: The borrower and co-borrower (if any) must be at least 62 years of age. multi family, mobile and manufactured homes must meet additional FHA requirements.