Forgotten Your Password?

Need to Register?

Question Icon

I am 78 and need to know what % of my home's value can I get from a reverse mortgage?

by dennylee12345 from Knoxville, Tennessee. 9 days ago Reply


Yes this is my question.What is the answer?

9 days ago
0
0
Nancy J Releford (nancyreleford)
#1 ranked lender in Tennessee - 222 contributions

It has to be run through the reverse mortgage portal, to give you an idea. Do you have a current mortgage on your property.

9 days ago
0
0

What is your current value? Are you looking for a specific monthly amount to receive?

9 days ago
0
0
Chris Neuswanger (mtnmortgageguy)
#3 ranked lender in Colorado - 92 contributions

Reverse mortgage are very complex calculations, there are many variables and the costs are substantial (which impact how much cash is available to pay off a current debt or give you cash or a monthly check, but the benefits can be even more substantial. Its not just a straight percentage. If you are located in Colorado and would like to contact me I can walk through how it works and give you some numbers pretty quickly. 970-748-0342 or email me at mtnmortgageguy@gmail.com

9 days ago
0
0
Ralph Richard Guertin (ralph@absolutelowrates.com)
#1 ranked lender in Florida - 733 contributions

Ballpark 63% Call me and we can drill it down to the exact amount Ralph Guertin CrossCountry Mortgage 954-274-7725 Ralph.Guertin@myccmortgage.com

8 days ago
0
0
William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,486 contributions

More info needed, but based on the limited info you provided, you can get about 52%... here's the link to the reverse mortgage calculator. (copy and paste to your browser.) https://www.reversemortgage.org/About/Reverse-Mortgage-Calculator Reverse mortgages are calculated by using the age of the youngest person for married couples.. and it varies based on zip code and property value. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

8 days ago
0
0
Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,817 contributions

Age, and value of the home, and what if any you currently own all come into play, so the answer is different for each person. Just reach out to a local mortgage broker who is experienced in reverse mortgages. With just a quick conversation, they can answer that for you.

8 days ago
0
0
Subscribe to our news feed.