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 Reverse Calculator / Estimate

Estimated Home Value or Purchase value: Clear Inputs
Age of the Youngest Borrower:
Mortgage Balance on Title:
Principal Limit: --- Clear Values
If you are refinancing: ---
(Estimate proceeds to you)
 
If you are purchasing a home: ---
(Estimated down payment)

Calculate Values

  • Type of properties: Single Homes, Townhomes, Duplex, Triplex, 4plex.
  • Estimated amounts do not include closing cost.

** Please note this is a general estimate based upon an Expected Rate of 3.5%

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UNDERSTANDING REVERSE MORTGAGE

There are two ways to benefits from a reverse mortgage loan:

Refinancing?

Through years of you making payments to a mortgage loan, this gains equity not only because the loan was getting paid, but also because the properties gain more value. A Reverse Mortgage Loans allows you to access that equity, you can get a credit line, receive a monthly payout or you can get one check with all the money full amount of the equity.

Purchasing?

Thinking in retiring and moving to Florida? Well good news, if you invest about $100,000 from your pocket, you can get a $200,000 home, and no monthly payments!

To qualify for a reverse mortgage:

  • You must be at least 62 years old.
  • Your home must be your primary residence.
  • You must have paid off some, or all, of your traditional mortgage.
    • Apply Today