Generally speaking, the higher your home’s value and the more equity you have built up in it, the more you can borrow. Like other types of equity financing, a reverse mortgage doesn’t allow you to borrow more than your home’s value, since lenders want to know they’ll be able to recover the full loan amount. One of the most important factors that affects how much you can get from a reverse mortgage is the value of your home. The method you choose may impact the amount you can borrow.
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