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

By: Eric Piwowar

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

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.

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Is your home worth at least $452,000? ‏‏‎ ‎
Yes, much more
Yes
No
No, much less

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What is the remaining balance on your mortgage? ‏‏‎ ‎
$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.

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What shape is your home in? ‏‏‎ ‎
Excellent shape
Fair condition
Needs minor repairs
Needs major repairs

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You Got:

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