If you wish to approximate the probable monthly income your home equity will bring you, you should try using a REVERSE MORTGAGE CALCULATOR.

Reverse Annuity Mortgage

Every now and then you are likely to come across with the term reverse annuity mortgage.  This is just one type of reverse mortgage where you receive a certain amount of money every month from your reverse mortgage lender.  This monthly income is non-taxable.

Other Types of Reverse Mortgages:

• Home Keeper Mortgage


• Home Equity Conversion Mortgage (HECM)