A reverse mortgage allows homeowners aged 62+ in the USA to access their home’s equity while staying in their property. Whether you need funds for retirement, medical expenses, or paying off debt, the Simply Approved Mortgages Reverse Mortgage Calculator can help you estimate how much equity you can unlock.
A Reverse Mortgage Calculator is a simple tool that estimates how much equity you can borrow based on:
Disclaimer: Advertised rates and fees depend on borrower qualifications and market fluctuations.
Enter Your Home’s Appraised Value
Input Your Age
Provide Your Remaining Mortgage Balance
Select Current Interest Rate
View Results
Disclaimer: Simply Approved Mortgages complies with all state and federal licensing requirements that we are licensed in.
Age Requirement:
Primary Residence:
Homeownership Status:
Financial Assessment:
Property Types Eligible:
Gather Documentation:
Application:
Counseling Session:
Appraisal:
Closing:
Home Renovations:
Debt Consolidation:
Major Life Events:
Emergency Funds:
At Simply Approved Mortgages, we offer a wide range of mortgage products tailored to meet your needs:
👉 Explore these options today and find the perfect mortgage solution for your needs!
With our industry-leading 1.5% fee, compared to the standard 2.75%, we save you thousands while offering competitive rates tailored to your needs. Learn More.
Our team of seasoned professionals is dedicated to simplifying the mortgage process, providing personalized solutions, and ensuring you feel confident every step of the way.
We prioritize honesty and clarity. From disclosing every detail upfront to ensuring no hidden surprises, we build trust through our commitment to your financial success.
You can also get help from a Home Loan Expert.
The amount depends on your age, home value, interest rates, and existing mortgage balance.
The calculator provides an estimate. For a detailed analysis, speak with a mortgage professional.
No, reverse mortgage proceeds are typically tax-free.
The loan balance is repaid when the home is sold or ownership transfers. Any remaining equity goes to your heirs.
Yes, but the reverse mortgage must first be used to pay off the remaining balance.
Ready to unlock your home’s equity? Use our Reverse Mortgage Calculator to estimate your eligibility and plan your financial future with confidence.
Start Now:
Simply input your details and see how much equity you could access today. If you have questions or need assistance, our team is here to guide you every step of the way.
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
Unlocking the American Dream, One Home at a Time
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