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Call or Text your questions to 562-881-9811

email us to AnswerMyQuestion@homecentralfinancial.com

Reverse Mortgage – How Much Equity Is My Home Required To Have?

Generally, your home should at least have 60% of EQUITY.  Example, if your home is valued at $475,000, if you owe less than $200,000 we can help you with a Reverse Mortgage.  If you are not sure about the calculations, please call me at 562-881-9811 so I can help you.  You can also use our automated Reverse Mortgage Calculator.

 Reverse Mortgages at a Glance

Call or Text your questions to 562-881-9811

email us to AnswerMyQuestion@homecentralfinancial.com

To qualify for a reverse mortgage you must:

  • Be at least 62 years old
  • Own your home
  • Meet minimum credit and income requirements
  • Have equity in the house to pay off any outstanding balances
  • Your home must be your principal residence 

Call or Text your questions to 562-881-9811

email us to AnswerMyQuestion@homecentralfinancial.com

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