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. Downsizing Calculator ...

The only challenge seniors now face in this slow market is finding a willing buyer to purchase their present home so they can "move down" via a reverse mortgage. After all, you have to sell your ...

Based on these assumptions, the borrower has an initial principal limit of $246,600, finances $30,171 of closing costs (which includes an upfront mortgage insurance premium of $12,000, origination ...