Reverse mortgage calculator excel zip#
Reverse mortgage calculator excel free#

Our calculator includes information for the HUD Home Equity Conversion Mortgage (HECM), the government-insured reverse mortgage, and the jumbo or private programs for homes with values exceeding the HUD maximums. We will never hound you just because you visited our site, but we will always be ready to assist you if you desire.

You never need to supply your social security number to receive your information, and if you do not wish to be contacted, all you need to do is let us know, and we will respect your wishes.

You can modify your information so that the proposal you receive meets your needs and comes with current rates and fees offered by All Reverse Mortgage, Inc.

is the best for borrowers shopping for a reverse mortgage because it allows them to receive real numbers in real time with accurate costs, no matter where they live in the country. We believe that the All Reverse Loan Optimizer (ARLO) by All Reverse Mortgage, Inc. If you are not interested, All Reverse will not aggressively contact you to try to “sell you” on a product you have determined is not right, as your private information is not asked for nor stored on our website. You can also choose the loan option they are most interested in based on actual loan charges, best for the long term, etc. You may receive information for the HECM and the jumbo/proprietary programs available if those are also advantageous for you based on your property value.įor each option, you can check out loan details that break down finance fees for origination costs (which vary depending on the type and rate of the loan) and amortization schedules going up to 20 years.

Reverse mortgage calculator excel zip#

Input your zip code, property value, and date of birth to view your eligibility instantly.

Reverse mortgage calculator excel free#

Free Reverse Mortgage Calculator by All Reverse (No Personal Information Required)Ĭonsumers are asked to enter their zip code, mortgage balance (if any), home value, name, and date of birth for themselves and any co-owners. The calculators typically break down how much a borrower would get if they receive their reverse mortgage funds in a lump sum, a monthly payment, or a line of credit.Ģ.

įor some, it also means considering one of the private/proprietary or jumbo reverse mortgage programs if the individual lives in a higher-valued home and wishes for a reverse mortgage that will accommodate a larger loan amount than the government programs. For most borrowers, this means considering the home equity conversion mortgage HECM reverse mortgage, which the Federal Housing Administration insures. Some calculators also detail how consumers can tap into their home equity. Many websites offer a “free reverse mortgage calculator” that allows consumers to enter the home and personal information and calculate whether they’re eligible for a loan and, if so, how much of their home’s equity they’d be able to access. However, it is important to be selective when researching financial products and seek advice from a trusted resource. The internet is an excellent tool for consumers to research many lending products.