Reverse Mortgage Calculator

This calculator will help you to check out an estimate of how much money you could obtain through a reverse mortgage. To qualify for a reverse mortgage, the borrower and co-borrower must be at least 62 years of age. A reverse mortgage can be beneficial during the period of retirement plan. This tool can greatly increase retirees’ income by using their homes.

How Is Interest Calculated On A Reverse Mortgage?

If you have a fixed rate loan, your interest rate is locked in at the time you close on your loan. It will not change throughout the life of your loan. If you have a variable rate loan, the interest rate may increase or decrease.

Talk To Our Experts