Posted on: 07th Oct, 2009 10:04 am
How much equity needed in reverse mortgage? What is the percentage I can borrow?
okay here we go again....can we get some real people asking real questions here?
hi dollylee,
The amount of funds you can get with reverse mortgage, depends on your age, interest rates, and in the case of the government program. In general, the older you are and the more equity you have, the more money you can get.
The amount of funds you can get with reverse mortgage, depends on your age, interest rates, and in the case of the government program. In general, the older you are and the more equity you have, the more money you can get.
