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How much equity needed in reverse mortgage?

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dollylee9 Joined: 19 Jul 2009 Posts: 63 -0.14 Dollars($)	Posted: Wed Oct 07, 2009 10:04 am    Post subject: How much equity needed in reverse mortgage? Like 0 Dislike 0 How much equity needed in reverse mortgage? What is the percentage I can borrow?
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12346 Location: bloomfield, ct 53.01 Dollars($)	Posted: Wed Oct 07, 2009 10:20 am    Post subject: Like 0 Dislike 0 okay here we go again....can we get some real people asking real questions here? _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044
leeelliot61 Joined: 13 Sep 2009 Posts: 188 0.01 Dollars($)	Posted: Wed Oct 07, 2009 9:47 pm    Post subject: Like 0 Dislike 0 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.

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