How Much Can You Get From A Reverse Mortgage?

by | Nov 14, 2021 | 0 comments

Chris Bruser with Mutual of Omaha has so much knowledge and expertise in the subject of reverse mortgages.  Listen to our interview as he explains how much a family can receive as a way to pay for home health care or other avenues that they see fit.

Unlike a regular mortgage, where the borrowing amount is based on credit scores and income, a reverse mortgage is determined by age and life expectancy.  You have to be at least 62 years old, but as you age, you are eligible to borrow higher amounts.
 
Typically the amount is about 40-60% of the value of the home, and the family can use that money as they need to, as the plan is flexible.
 
For more information on Reverse Mortgages, call Chris Bruser with Mutual of Omaha at (813) 857-4565

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