Reverse Mortgage and Reverse Mortgage Calculator

As baby boomers are approaching retirement, reverse mortgages are becoming more and more popular in the United States. The reverse mortgage loan offers older Americans an extra option to fund their retirement by tapping into their home equity. This allows them access to cash to fund their retirement. This loan does not have to be repaid until the owner either moves, sells their home, or is deceased. The current minimum age to qualify for a reverse mortgage loan is 62, but this can change in the future. The loan amount borrowed depends on the borrower's age and the home value.

Check out the reverse mortgage calculator to see how much you can receive from your home.