How Does A Reverse Mortgage Work And How Much A Senior Can Borrow

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The core of this question is the appraised value of the home

. If the borrower wants the maximum amount, it is calculated using the appraised home value, the age of the borrower and the interest rates. The older the borrower, the higher the appraised home value and the lower the interest rates, the more he can get. The law has set a maximum to $ 625.000.

How Does A Reverse Mortgage Work And How Much A Senior Can Borrow

By: Juhani Tontti

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