How much equity is required to get a reverse mortgage?
Nancy J Releford (nancyreleford)
#4 ranked lender in Tennessee - 233 contributions
The more equity you have the better because it allows you to receive a higher monthly income or lump sum. When doing a reverse mortgage you're only allowed 62% of the appraised value of the home. I do several reverse mortgages a month so if you want to discuss your options just give my office a call.615-857-3060
Nancy J Releford (nancyreleford)
#4 ranked lender in Tennessee - 233 contributions
Sorry number is wrong 615-867-3060.
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