It should be noted that you should not rely on a Calculator
of Reverse Mortgages found on any website. The amounts they
tell you that you can receive, fluctuate by area and the
applicable interest rate. While these calculators can give
you an approximation, you are strongly advised to consult
a reverse mortgage professional who is knowledgeable in
your area and has access to the accurate interest rates
for the various types of reverse mortgage you are investigating.
This is especially important now that many differing products
are being introduced into the market. This calculator has
proven to be one of the more reliable, and, in addition,
provides the homeowners qualifying total amounts and also
monthly payments for two jumbo programs, three HECM FHA
loans, and the Fannie Mae Homekeeper.
The following link is for the Sun West Mortgage calculator:
Click
here: Reverse Mortgage Calculator
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