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Reverse mortgage product availability varies by state. Understanding where your home is located will help us calculate the funds that may be available to you.

Lenders typically compare the loan amount you’re requesting to your home’s current market value to get what’s called a loan-to-value (LTV) ratio. The lower this ratio is, the higher your payout amount is likely to be.

For some reverse mortgage products, it’s required to pay off the balance on your existing mortgage first. Therefore, your mortgage balance impacts how much you may be eligible for.