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My home is worth between 550000 and 577000. my mortgage is 480000 and I might be able to come up with an additional 50000. can I get a reverse mortgage

by williamrturner297 from Las Vegas, Nevada. Jun 6th 2017 Reply


It really depends on a few factors. Your age determines your eligibility and equity position. If you would like to look into it, I will be more than happy to assist you. 702-683-3126. Nathan Kessler with Guaranteed Rate mortgage NMLS 377217

Jun 6th 2017
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,930 contributions

Probably not. but more info is needed.. First, RM's are based on the age of the youngest borrower.. the older you are, the more you can borrow.. but it starts at about 50% Loan to Value. so if you just turned 62, then you would need about $200K to do a reverse mortgage.. If you want to know for sure, then you can visit HUD's mortgage calculator right here.. http://www.reversemortgage.org/About/Reverse-Mortgage-Calculator Here you can put in your specific info and it will tell you exactly what you can qualify for. I'm a preferred Lender with Arizona and California 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 / RPM Mortgage NMLS 1541014 / AZMB0121893

Jun 6th 2017
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