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The Lifestyle Home Loan is a Home Equity Conversion Mortgage for Purchase.

This calculator estimates what you may be able to receive from the federally-insured Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage loan. In order to obtain one of these loans, you and your co-borrower (if any) must be at least 62 years old.

If you’re retired and recently saw the value of your stock investments plunge, you’re probably facing two bad choices: Live on less until the market recovers or withdraw your usual amount. Homeowners don’t qualify for a reverse mortgage loan until age 62, which also means that obtaining a reverse mortgage is a new process they […]