How much money could I get from a reverse mortgage?

What affects the amount of money I can get from a reverse mortgage?
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American Advisors Group | Robyn Perry
Well, the amount depends on your age, your home value, current interest rates, and the location of your home. To give you an easy example: an average borrower who is 72 years old and has their home valued at $215,000 could receive as much as $130,000.

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.
Replied: 8/2/2010

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