Reverse Mortgage Age Chart – What Percentage of Appraised Value Will I Get?

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Reverse Mortgage Age Table, AKA Reverse Mortgage Age Chart When you do a reverse mortgage, the amount that a lender advances to you is based on the appraised value of your home and your age.  All too often, a prospective reverse mortgage borrower’s first question is, “how much can I get?”.  The Reverse Mortgage Age […]

Reverse Mortgage Counseling – What Does Reverse Mortgage Counseling Cost?

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What exactly is the reverse mortgage counseling cost?  This is a very common question among those homeowners that are investigating reverse mortgages.  Generally, the cost of reverse mortgage counseling depends on a few things. On average, the cost of the reverse mortgage counseling session is $125.00 – $150.00.  Like any business, there are some counseling […]

Can I Refinance My Reverse Mortgage

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Can I Refinance My Reverse Mortgage Can I refinance my reverse mortgage?  Homeowners that have a reverse loan sometimes find themselves wondering, “can I refinance my reverse mortgage”?  It’s definitely possible to refinance your reverse mortgage.  However, the answer is not a simple “yes” or “no”. You see, there are rules implemented by FHA in […]