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QUESTION: Are reverse mortgages complicated?
October 25, 2018
QUESTION: What are the costs involved in a reverse mortgage?
November 1, 2018

QUESTION: How much money can I get from a reverse mortgage?

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Answer:

There are a number of factors used to determine the amount of money you can receive from your reverse mortgage…

Generally, this is determined by the age of the youngest borrower, or eligible Non-Borrowing Spouse, your home value, the amount of equity, FHA lending limits, the current interest rate, and the reverse mortgage product and payment option you choose. A Senior Loan Officer from Acclaim Mortgage, Inc. can provide you with a quote that’s tailored to your specific situation, with no cost or obligation.

For a FREE Consultation to answer any further questions you may have and to discuss a solution to your unique situation, CLICK HERE to schedule a call with one of our lending experts.