Reverse Mortgage Advice and Evaluation is a site that answers many of the questions that seniors have about obtaining a reverse mortgage. We provide a reverse mortgage calculator and information regarding the reverse mortgage loan process. The reverse mortgage is a home loan that seniors 62 years or older (who have enough equity in their home), can do to improve the quality of their lives. There are no monthly payments to be made on a reverse mortgage.

The reverse mortgage is a non-recourse loan and that means, if more money is owed on the reverse mortgage loan than the current market value of your home and you sell, or move away, or your heirs inherit the home, it will be sold at the fair market value with no adverse consequences.

Some of the following are reasons a senior would choose to do a reverse mortgage:

• Reverse Mortgages allow the homeowner to stay in their home.
• Reverse Mortgages will pay off all existing mortgages on the home.
• Reverse Mortgages supplement your income.
• Reverse Mortgages help to pay for medical expenses.

There are many more reasons a senior will choose to do a reverse mortgage. You will find in this website an explanation of the reverse mortgage loan process, with a calculator that is provided for your input of information that will evaluate if a Reverse Mortgage is right for you.