How is the amount I receive from my reverse mortgage determined?
The amount is determined by several factors -- the age of the borrowers, the market value of the home, the interest rate charged and the current amount owed on the home. In general, the older the borrower is, the greater the amount received will be. The market value is determined by an approved appraiser’s assessment. The interest rate is determined by the current market conditions. When you call we will take your specific information and determine the amount of money you could possibly receive from your reverse mortgage.
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