How do you calculate how much we can borrow on my dad's home using a reverse mortgage?

You have not provided nearly enough information to answer correctly.. To qualify for a HECM, you must be 62 or older.. The older you are, the more you can get.. Also, there are several different types of HECM's where you can take a lump sum upfront, and no payments, or a smaller lump sum and smaller payments, and there's an option where you don't take anything out, but you never have to make a payment.. All of these options are based on 2 very important factors.. How old is the youngest of all borrower, and what is the property worth.. Contact a local mortgage broker in your area that specializes in HECM's.. Get him the details, and he can tell you right away what his options will be.. 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. 480-287-5714 WilliamAcres.com

Hello Tim,In order to be able to get you a dollar amount we will need the following information, Age, Property Zip Code, Type of Property, Existing type of loan, existing liens and estimated property value.i be more than glad to go over the details if you like. feel free to contact me directly at 310-933-4748 or email houtan.hormozian@crestico.comHave a great weekend.

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HEllo Tim, it is all calucated by his age, time in home, equity in the home.. i can lend in CA , and i have done reverse mortgages.. you can email me at yourloanpartberforlife@live.com linda

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