• Question
  • i want as much as possible out of this reverse mortgage starting soon and lasting until i croak

    Asked by a 74 year old man from Pittsburgh, PA on 11/8/2012

    i want as much as possible out of this reverse mortgage starting soon and lasting until i croak

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  • Categories: Loan Amount and Type, Reverse Mortgages

Answers

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  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • Great! We hope you have been connected to some great Reverse Mortgage lenders: https://www.newretirement.com/reverse-mortgage-marketplace.aspx

    To get as much as possible from your Reverse Mortgage it can be a great idea to talk to as many lenders as possible and ask as many questions as anyone can handle!

    -- Shop for the best interest rate -- compare fixed and variable options (but be sure to factor all of the interest ramifications for each option)
    -- Ask what you can do to maximize your appraisal
    -- Think carefully about how to take your payout -- annualized payments, a home equity line of credit or cash

    We wish you the best!
    http://www.NewRetirement.com

  • Login to rate this answer:   Answered on 11/8/2012
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.