Typically speaking, a reverse mortgage calculator works by taking basic information about you and your home — including your ZIP code, your age and that of any other borrower on the loan (spouse ...

The calculator also provides the basic details of each available reverse mortgage loan, including available credit, value of home in 10 years and cash payouts over time.

Not unlike an insurance policy, wherein key educated guesses underpin much of the pricing and risk (payout) calculations, a reverse mortgage “calculator” is used by lenders to determine how ...

Thinking about a reverse mortgage? Here's what it really takes to get approved for this unique borrowing option.

If you're planning to take out a reverse mortgage, there are unique considerations to think about in this market.

Generally, most people can borrow between 40 percent and 60 percent of the home’s value. To estimate how much you can borrow, use the reverse mortgage calculator at reversemortgage.org.

Most seniors take out a reverse mortgage to help them stay in their existing home as they get older. But Myra Simmons, 67, took advantage of a little-known product: She used a reverse mortgage to ...

To qualify for a reverse mortgage, you must own your home and be at least 62 years old. The amount you can borrow depends upon your age, how much your home is worth and current interest rates ...

Fairway Reverse Mortgage is a lender that offers several reverse mortgage products, including Home Equity Conversion Mortgages (HECMs), HECMs for Purchase, jumbo loans and proprietary reverse ...

Home equity is a valuable financial resource. By definition, it's the difference between your home's value and how much you owe on your mortgage. For example, if your home is worth $500,000 and you ...

Why Reverse Mortgages May Make Sense as Retirement Funding Tools Tapping into your home as an income source may be a good idea for some retirees, says contributor John Wasik. Here's what to consider.

A mortgage is a loan used to purchase or maintain real estate, including houses and commercial properties. A buyer repays the ...