Reverse Mortgage Calculator
Each week factors change that can increase the amount of money you are eligible to receive from a Reverse Mortgage. Each week you get closer to your next birthday, interest rates change, and property values change. Our Reverse Mortgage calculator monitors these factors and sends you an email alert whenever there is an increase in the amount your are eligible for.
About our Reverse Mortgage Calculator
The Reverse Mortgage Calculator uses your age, property value, zip code, FHA Loan Limit, and payoff to determine your eligibility. The calculator use a series of complex calculations and factors set forth by HUD. For a more detailed breakdown of the figures, please contact one of our reverse mortgage specialists.
www.efreverse.com uses a custom reverse mortgage calculator. Our reverse mortgage calculator technology is accurate and updated weekly. The efreverse.com reverse mortgage calculator always quotes accurate reverse mortgage rates, we never "low ball" rates in an attempt to attract customers. We also accurately reflect the calculation floor effective rate set by HUD.
Calculations Currently Based On:
5.56% - HECM Calculation Floor Effective Rate
May 16, 2008
FHA Loan Limits Updated:
March 5, 2008
Closing Cost Estimates Updated: April 5, 2008