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A couple aged 65 and 75 own a home that they purchased for

Question: A couple, aged 65 and 75, own a home that they purchased for $200,000 twenty years ago. They have completely repaid their mortgage that they took to purchase the home. The property is currently worth $500,000. What is the maximum dollar amount that this couple could get in the HECM/reverse mortgage program?

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Finance Basics: A couple aged 65 and 75 own a home that they purchased for

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Finance Basics: A couple aged 65 and 75 own a home that they purchased for

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