How Much Can I Get out of a Reverse Mortgage?

Find out how much income you can get out of a reverse mortgage, taking into account your age, line of credit, lump sum, and lifetime yearly payments.

0:36 “A line of credit means you can take the money when you want to, you don’t have to take it all at once”

0:42 “[Line of credit] is the most flexible because you can take a partial lump sum now, you could get a payment stream later, and also you could take another lump sum at another point in time”

1:01 “[Lifetime yearly payments] are not indexed for inflation”

1:20 “When you actually take out this mortgage, depending on your age, it’s going to be dependent on what you can take and the value of your home”

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Season 2 Episode 8

Aired 2/21/15

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