• Maximum reverse mortgage amount

     Steven Taylor updated 2 weeks, 5 days ago 1 Member · 1 Post
  • Steven Taylor

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    January 5, 2021 at 5:54 am

    If a 62 year old wants to use a reverse mortgage to purchase a home, what is the maximum dollar amount of the loan? For example, if the purchase price is $1m can the reverse mortgage be as much as 500k? The purchaser will have the funds to pay the balance of the purchase price.

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