The amount of funds you are eligible to receive for reverse mortgages depends on your age (or the age of the youngest spouse in the case of couples), the appraised home value, interest rates, and in the case of the government program, the lending limit in your area. In general, the older you are and the more valuable your home (and the less you owe on your home), the more money you can get.
Friday, January 18, 2008
How Much Money Can I Get?
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