Equity needed fo a reverse mortgage, youngest homeowner is 63

it's based on several factors. Here's HUD's Reverse Mortgage Calculator. Just fill it in. http://www.reversemortgage.org/About/ReverseMortgageCalculator.aspx I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Hi,I would be happy to help. As to the age minimums it sounds like your fine. As to the max amount loanable it does depend on several factors, but typically 50 to 65% of property value, FHA loan limits, sales price etc...Giovanni Aranda619-669-5518

Happy holidays... Please contact us at www.TAKandASSOCIATES.com or call 949-510-0428. We specialized in reverse mortgage and other similar products. Thanks, Delania.

Giovanni is correct in the estimate of equity needed. The exact number varies based on which reverse program you choose. Make sure that you work with someone that lays out several options with all the pros and cons and shows how they affect the equity required as well. I am always happy to assist whether I work on your financing or not; So if you need more information, you can go to my web page and use my live support button to discuss or get advice on anything at all with me. Web Address is: http://www.loansfromrob.com/quote/ Feel free to email at rhanson@gladewaternational.com or direct phone is 240-752-7549. Good Luck -- Rob Hanson

The amount you qualify for depends on a combination of things, including the equity you have in your home, your exact age, and your location. As a general statement, homeowners should have moderate (65%) to significant (100%) equity in their homes in order to eliminate their mortgage payment. http://www.lender411.com/mortgage-articles/11262/reverse-mortgage-offered-nationwide/ Feel free to contact me at 800 315 8803, I have been offering reverse mortgages since 1989. Until then, Iook forward to hearing from you. Jamie Lynne, 800 315 8803, www.bartprequalifies.com, jamie@bartprequalifies.com

For most reverse mortgages, you have to have at least 40 percent equity in your home to qualify. You will only be able to borrow a certain amount of money depending on the loan-to-value-ratio requirements of the lender you are working with. If you have a small loan balance or own the property free and clear, you will have a better chance of getting approved. The best thing for you to do is to speak with a lender about your reverse mortgage options. There are lenders like myself that would be glad to speak with you to help you get the reverse mortgage you need. Well if you have any further questions feel free to contact me.Brian Nguyen949.667.2887