• Question
  • Ask your question here...what will i receive per month witha reverse mortgage

    Asked by a 78 year old man from Mesquite, NV on 1/2/2014

    Ask your question here...what will i receive per month with
    a reverse mortgage

  •  
  • Categories: Loan Amount and Type, Reverse Mortgages

Answers

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  • The amount you will receive per month depends on several factors:

    1) The age of the youngest borrower
    2) The appraised value of your home
    3) Your mandatory obligations for the proceeds of this loan (any payoffs on debt attached to the home)
    4) The closing cost and interest rates

    This amount can vary from lender to lender. We suggest you shop for the best proceeds.


    I hope you find this helpful.

    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 2/4/2014
**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.