How Much Do I Qualify For?
Unlike conventional “forward” mortgages, a reverse mortgage does not rely on the borrower’s income or credit to qualify for a loan (except in rare cases of bad credit where the borrower needs to show only enough income to cover home insurance and property taxes).
Instead there’s a formula that takes into consideration these 6 factors:
1. Age
2. Sex
3. Marital status
4. Location
5. Type of property
6. Value
Get your FREE, no obligation assessment to see how much you qualify for and if a Reverse Mortgage is right for you. Just fill in the information below, hit submit and I’ll be back to you within 4 business hours or, if you’d prefer, give me a call at (604) 949-2090 and we can review the numbers over the phone.