Seniors: Could You Make $200,000 or More With a Reverse Mortgage?

By: Eric Piwowar

4 Min Quiz

Image: adamkaz / E+ / Getty Images

About This Quiz

Your home is full of value – but when you’re still making payments on your home, you can find yourself in need of extra money. And though many people don’t realize it, you could use your home’s value to help yourself financially.

Depending on a few factors, a reverse mortgage could be your key to extra cash. Answer the questions below and find out just how much money you could be making.

‏‏‎ ‎

How old are you?

I'm over 82 years old.

I'm between 72 to 82 years old.
I'm between 62 to 72 years old.

I'm under 62 years old.

‏‏‎ ‎

Yes, much more

Yes
No

No, much less

‏‏‎ ‎

$0

1% - 25% of my home's total value.
26% - 50% of my home's total value.

Over 50% of my home's total value.

‏‏‎ ‎

Excellent shape

Fair condition
Needs minor repairs

Needs major repairs

‏‏‎ ‎

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