up to how much equity can you receive from a reverse mortgage?

I believe the max amount at the max age is 65%

No you can not. Unlike forward mortgages, the maximum amount available is determined by age. With that being said, depending on your age the maximum loan-to-value that will be accessible for you would range from 49.8% (62 years old) up to 67% (99 years old).

You have recieved a few good answers. As they have said, it depends on the age of the youngest of the borrowers. You are welcome to call me, to discuss specifics. You will find my contact information on my profile page.

The most recent changes to the available principal amount have limited the available amount to approximately 50% of the appraised value, based on the borrower's age. A recent quote I did for a 95-year old client was 53.8% of the appraised value. I am full time in the reverse mortgage and commercial mortgage industry.

At age 71, I believe the Principle limit is about 54%-57% of an appraised value on the property. There are closing costs, so how much cash would available would be a lower. Again, Call with any questions.

Adding to my prior comment. The principle limit is the amount that could be available to you based upon the value of the home. Once the loan is written the balance of the LOAN would increase as interest is added each month. The principle limit could be used to pay off an existing mortgage. If you are looking to get CASH OUT, there are some limits that prevent you from taking all the money at one time. Again, you should discuss with a lender that does Reverse Mortgage.