• Question
  • With the info I put here, how much a month would I receive from a reverse mortgage each month, and

    Asked by a 77 year old man from Fruita, CO on 11/4/2013

    With the info I put here, how much a month would I receive from a reverse mortgage each month, and for how long. If you can't answer this, don't bother me period. This is the only reason I went this far on this form!!!

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  • Categories: Loan Amount and Type, Reverse Mortgages

Answers

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  • Based on the information you provided in our retirement calculator, the lender would use your spouses age of 66. If your home value appraises at $150,000, you could see a tenure payment of approximately $450 a month based on today's program.

    If you still have questions, or would like us to help you evaluate your situation, we can do that as a free service to you. Feel free to call us at (Toll Free) 888-411-RETIRE (7384).

  • Login to rate this answer:   Answered on 11/5/2013
**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.