Those who may be eligible for a reverse mortgage can click through to a more detailed-but still free-calculator that outlines the different loan options. By providing contact information, the potential borrower may be open to a phone call or email from a reverse mortgage broker or lender.
Several factors influence the loan proceeds you may receive from a reverse mortgage, including your age, your home value, how much you owe on your existing mortgage, and current interest rates. Please use our free reverse mortgage calculator to estimate your eligibility for a reverse mortgage.
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It is called "reverse" because, instead of a conventional mortgage in which you have to pay your bank, a reverse mortgage pays you. By entering some basic information, you can find out how much money you could be eligible for with our free reverse mortgage calculator. How the reverse mortgage calculator works
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We offer a reverse mortgage calculator and plenty of detailed information to help better educate you in this financial decision. What is a reverse mortgage? A reverse mortgage is a type of mortgage loan that the FHA (Federal Housing Administration) insures. This loan is available only to homeowners aged 62 or older.
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Use this free calculator to help determine your future loan balance. This tool is designed to show you how compounding interest can make the outstanding balance of a reverse mortgage rapidly grow over a period of time.
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Are you looking for a free and easy-to-use reverse amortization calculator? You’re definitely in the right place! MyHECM has probably one of the best reverse amortization calculators available online. If you’d like more information about how to use our reverse mortgage amortization calculator, keep reading.