Under the new guidelines, the reverse mortgage is available to a maximum of about 54% of the appraisal value, depending on the borrower's age.
The best way to answer your question is to call me so I can take a quick application. The LTV is contingent on your age and the program you select. My direct number is 1-866-894-9111 and my email is BBesosa@pikecreekloans.com. I oversee the Reverse Mortgage division for Pike Creek Mortgage and have been in the business for over 10 years. I look forward to answering all of your questions and seeing if the Reverse Mortgage is a good fit for you! NMLS #104565
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