A Reverse Mortgage Example

Borrower age 62 DOB 5/1/1952* Home value $200,000 with no mortgage Borrower Qualifies for $98,500 in a line or credit** OR $565/month for as long as the borrower lives in the home. Rate: 2.5% variable * The older the client the more they qualify for ** Unused portion of the Line of credit grows over time.