The Windigo Reverse Mortgage Analyzer is an invaluable aide for retirement planning. It helps senior property owners determine whether a reverse mortgage makes sense in their particular circumstances. By varying the numbers, (anticipated property value appreciation, interest rate, lump sum cash out, monthly stipend, loan fees, etc.) one can see, for instance, how fast equity will increase, decrease, or indeed stay the same over the term of the loan.
Contact mortgage brokers to request quotes. You are guided through entering brokers’ fees, property value, estimated appreciation, desired lump sum withdrawal, monthly payout, etc. into our simple wizard to glean a better understanding of what a reverse mortgage can or cannot do for you and your heirs.
This app answers basic questions, for instance: If I withdraw X thousand dollars in how many years will my equity be reduced to zero? If property appreciation in my location remains at, for instance, 3 percent will the increasing value cover a monthly withdrawal amount? In addition, our associated website answers other common questions.