Retirement Planning Education, with Andy Panko cover image

#042 - Everything you wanted to know about reverse mortgages, with Josh Blum (Part 1 of 2)

Retirement Planning Education, with Andy Panko

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What's the Approximate Loan to Value?

Every lender out there is going to require an FHA appraisal, which is a little bit different than other traditional appraisals. So if it's a half million dollar home, I'm looking at roughly $250,000 that might not include whatever transaction costs are associated with that and finance into the loan. My net might actually be lower than that. And if I have any liens on the house, they have to be paid off first in line.

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