Reverse Mortgage Question
How much can I get?
A Reverse Mortgage is based on the age of the borrower, the value of the home, and the current interest rate. Your lump sum, credit line, or monthly payment will reflect these pieces of information. Another factor that is used to determine how much will receive is the value of your current mortgage(s) (if applicable). Your Reverse Mortgage will be required to pay these loans off first and the remaining amount will be available to you.
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