Video — What Determines The Amount Of Your Reverse Mortgage?

Reverse mortgage loan amounts depend on: the age of the borrower, or the youngest spouse for a couple; the appraised value of the home - appraisal will be required; and current interest rates. Reverse mortgages involving government programs are subject to current FHA lending limits. In general, the older you are the less you owe, and the more valuable your home the larger the amount for which you may qualify.