A couple aged 65 and 75 own a home that they purchased for, Ask an Expert

Economics

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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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92311681

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