Friday, January 18, 2008

How much can be borrowed from a Reverse Mortgage?

The maximum amount that can be borrowed is based on the following factors:

• The age of the youngest homeowner
• The appraised value of the home
• The current interest rate
• The county in which the property is located

In general, the more your home is worth, the older you are, and the lower the interest rate, the more you'll be able to borrow.

Reverse Mortgage Man
(866) 800-0280
http://www.moneywise123.com/

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