Calculate Your Mortgage Income

Reverse mortgage calculators are a simple and easy way to help you estimate the funds you can receive through unlocking a portion of your home’s equity so that you can really make the most of your retirement.

Reverse mortgage loans are a quick way to access funds. Although you might want to receive those funds quickly, you want to enter the process prepared, knowing exactly what you’re going to get. Reverse mortgage calculators give you access to information about your funds before you receive them, so there are no surprises.

Benefits to Add to Your Reverse Mortgage Calculations

A CHIP reverse mortgage comes with the following financial benefits:

• You don’t have to worry about upfront payments. Pay back occurs only when home is sold. This includes interest.
• Receive the money you need in order to make the best out of your retirement without worrying about strict income requirements.
• You still receive government benefits as you receive your reverse mortgage loan because it’s not considered “income”
• You still have complete control over the equity left in your home once the loan is paid back.
• You have control over how you receive your funds – whether that is in lump sums or in monthly payments. You can even receive them through direct deposit.

Tried our reverse mortgage calculator and interested in proceeding with a CHIP Home Income Plan loan?

Schedule a free consultation today and one of our personable, professional representatives will get you started.