How much can I withdraw from a reverse mortgage?


The actual amount you are able to withdrawl from a reverse mortgage depends on a number of factors such as age, type of reverse mortgage, property value and amount of equity in your home. As a very rough estimate, you can expect to get somewhere between 60% to 75% of the value of your home assuming you have no mortgage. The older you are, the more you will be able to withdraw. Contact a licensed lender for the exact amount.

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