It is a fact that the older you are, the more money you will be approved for on the reverse mortgage loan program. The amount of equity you will be approved to release from your property is based on three factors - the age of the youngest borrower, the value of your property and current interest rates. The reverse mortgage lender has to factor in how long you are likely to stay living in your property. If you are younger, you are likely to have many years ahead of you, enjoying the proceeds of a reverse mortgage but also accruing interest and fees. I suggest you call us today, on a no obligation basis, to see how much money you may qualify for now. However, we cannot predict what this figure could be if you wait a few more years, as the level of interest rates will be a deciding factor.

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Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.