| Product Name | CMT Monthly Cap 5 | HomeSafe | EquityPower |
| Margin Or Rate | 2.500% | 9.450% | 8.990% |
| Initial Rate | 6.580% | 9.450% | 8.990% |
| Mip Rate | 0.500% | 0.000% | 0.000% |
| Property Value | $700,000.00 | $700,000.00 | $700,000.00 |
| Principal Limit | $286,300.00 | $212,800.00 | $228,200.00 |
| Liens Payoff | $150,000.00 | $150,000.00 | $150,000.00 |
| Origination Fee | $6,000.00 | $2,128.00 | $5,305.00 |
| Mip | $14,000.00 | $0.00 | $0.00 |
| Other Closing Costs | $4,907.00 | $5,990.05 | $8,840.05 |
| Available Funds | $111,393.00 | $54,681.95 | $64,054.95 |
| Available Loc | $111,393.00 | ||
| Available Tenure | $713.00 | ||
| Available Cash At Closing | $28,630.00 | $54,681.95 | $64,054.95 |
Find Out How Much You Qualify
for with Our FHA Reverse Mortgage Calculator
Cut Through the Complexity - Your Reverse Mortgage, Simplified in Minutes
A Reverse Mortgage calculator is a valuable tool designed to help seniors understand how much they could potentially borrow against the equity in their home. This easy-to-use tool allows seniors to make informed decisions about whether a Reverse Mortgage is the right option for them, offering a clear picture of their financial possibilities without any commitment.
For many seniors, a Reverse Mortgage can be a game-changer, providing financial stability and peace of mind during retirement. With a Reverse Mortgage, homeowners aged 62 and older can convert part of their home equity into tax-free cash, which can be used to cover:
- Any Debts such as credit cards,
- Medical expenses,
- Home improvements,
- Or simply to enhance their quality of life.
REVERSE Mortgage LOANS
Why a Reverse Mortgage? Explore How It Can Work for You
The best part is that there are no monthly mortgage payments required; the loan is repaid when the homeowner sells the house, moves out, or passes away. This financial flexibility allows seniors to enjoy their retirement without the constant worry of financial constraints.
At Opulence Home Equity, we understand the importance of making well-informed financial decisions. Our team of experts is here to assist you every step of the way, from using our Reverse Mortgage calculator to providing personalized advice tailored to your unique situation. We are committed to helping you unlock the value of your home and achieve the financial freedom you deserve. With our support, you can explore all your options and choose the best path forward for a comfortable and secure retirement.
Reverse Mortgage Qualifier
