RME Calculator
Reverse Mortgage Calculator
About
This app helps homeowners aged 55 and older estimate their reverse mortgage eligibility and potential cash-out amounts. It offers calculators for refinancing and purchase loans, along with educational resources and the ability to request personalized proposals from loan officers.
What's New in RME Calculator
1.0.2(2)
August 26, 2026
City, state, zip code in one screen merge
Developer apps
FAQ
What is RME Calculator?
RME Calculator is a finance app designed to help homeowners aged 55 and older estimate their eligibility for reverse mortgages and the potential cash they can access from their home equity. It provides tools for refinancing, purchasing, and educational resources.
Is RME Calculator free to use?
Yes, RME Calculator is completely free to download and use. There are no in-app purchases or subscription fees associated with its core functionality.
Does RME Calculator have ads?
No, RME Calculator is ad-free. Users can explore their reverse mortgage options without any interruptions from advertisements.
What information is needed to use RME Calculator?
To use RME Calculator, you will need basic information such as your age, current home value, and any existing mortgage balance. This data is used to generate instant estimates.
Can RME Calculator provide exact loan terms?
RME Calculator provides estimates only. Actual loan terms are dependent on a property appraisal, credit review, and specific lender requirements. The app helps you explore possibilities before committing.
How often is RME Calculator updated?
The app was last updated on August 26, 2026, with version 1.0.2(2). Regular updates ensure the accuracy of calculations and the security of user data.
What devices support RME Calculator?
RME Calculator is available for iPhone and iPod devices. It is designed with a simple interface specifically for seniors.
What are the pros and cons of reverse mortgages according to RME Calculator?
RME Calculator includes educational resources that cover the pros and cons of reverse mortgages. This helps users understand the benefits, such as accessing cash, and potential drawbacks before making a decision.
