Page 5 - WSAAG052_Your Guide to Reverse Mortgages Booklet

How Much Your Age:

The age of the youngest borrower or eligible
Money 1 non-borrowing spouse—the older you are,

Could You the more funds may be available

Qualify For? Your Home’s Value:

The size of your loan 2 The higher your home appraises at, and the
more equity you have in your home, may
amount is based make more funds available
on three primary

factors.
Current Interest Rate:
3 Fixed and adjustable rate options are
available—the lower the interest rate, the more
funds may be available

*Jumbo loans do not require FHA approval
Your Guide to a Better Retirement 5