These tighter rules will reduce the mortgage amount a homeowner can qualify for at the same level of income. (hoyes.com)
This means that the full amount the homeowner borrowed over the life of the loan will be due all at once. (secureloanconsolidation.com)
The maximum amount a homeowner can borrow using a reverse mortgage is calculated based on the value of the home, the youngest borrower's age, and the interest rate that will be charged on the loan. (pocketsense.com)