About
Calculate potential funds accessible through a reverse mortgage for refinancing or purchasing a home. This free tool helps estimate proceeds, down payments, and maximum purchase prices based on your home value, age, and mortgage balance.
What's New in Reverse Mortgage Funding
1.5
January 29, 2021
Fixed front part for new iPhone devices
FAQ
How does Reverse Mortgage Funding calculate potential funds?
Reverse Mortgage Funding uses your home's current value, your age, and any existing mortgage balance to estimate the total proceeds you might access. It provides figures like Estimated Available Proceeds and Available Proceeds After First Year.
Can Reverse Mortgage Funding help with purchasing a new home?
Yes, the Purchase Portal allows you to either enter a purchase price to find the estimated down payment required and HECM loan amount, or enter your available down payment to discover the estimated maximum purchase price.
Is Reverse Mortgage Funding free to use?
Yes, Reverse Mortgage Funding is completely free to use. There are no costs associated with downloading or utilizing its calculation features.
What devices does Reverse Mortgage Funding support?
Reverse Mortgage Funding is available on iPhone and iPod devices. It is designed for iOS users.
How often is Reverse Mortgage Funding updated?
The app was last updated on January 29, 2021, with version 1.5. While updates are not frequent, the core functionality remains stable for its intended purpose.
What is the age rating for Reverse Mortgage Funding?
Reverse Mortgage Funding has an age rating of 4+. This indicates it is suitable for users of all ages, with no mature content.
Does Reverse Mortgage Funding have ads?
No, Reverse Mortgage Funding does not contain advertisements. Users can utilize the calculator without any interruptions.
What is the user sentiment for Reverse Mortgage Funding?
Based on the available data, Reverse Mortgage Funding has a high rating of 4.8 stars from 4 ratings, suggesting a positive user experience.