Interest rates have fallen and that means that most reverse mortgage borrowers now qualify for more money. (And, you pay less in interest.) Get a new estimate of your reverse mortgage loan amount right now! All the great benefits of the loans still apply: 1. You still own your home: A reverse mortgage is just a different kind of home equity loan. 2. Money can be used for any purpose: Keep it as a home equity line of credit to limit interest charges or spend however you like. 3. No monthly payments: Eliminate monthly mortgage payments to improve your cash flow. Instantly estimate your NEW Reverse Mortgage loan amount with the Reverse Mortgage Calculator.
