Looking at retirement and wondering how financially prepared you are? A reverse mortgage could give you the peace of mind. Stanford Mortgage’s reverse mortgage calculator helps you determine how much you may qualify for with a reverse mortgage.
* Available proceeds is negative because you many need to bring this much cash to close.
It looks like you may need to bring cash to close, but a Reverse Mortgage may still be beneficial depending on your unique situation.
The illustration and figures above are an estimate based on the value and age you provided. This is the amount you may be eligible for before fees. It is not a loan commitment and does not mean you have been approved. All borrower’s must meet all loan obligations, including living in the property as the principal residence and paying all property charged, including property taxes, fees, and hazard insurance. The borrower must maintain the home. If the borrower does not meet the loan obligations the loan could be called due.
Stanford’s reverse mortgage calculator provides an estimate of how much you could qualify for based on your age, home value, mortgage balance, and state. Please provide as accurate information as possible so that the calculator can give you an accurate estimate.
Now that you have an estimate of how much you may qualify for, it’s time to get prequalified for a reverse mortgage. Contact a Stanford Mortgage advisor today to get the process started!
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