X

Join or Sign In

Sign in to add and modify your software

Continue with email

By joining Download.com, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy.

Reverse Mortgage Funding for Android

By RMF Digital Free

Developer's Description

The Reverse Mortgage Funding LLC (RMF) Reverse Mortgage Calculator App allows you to figure out the amount of funds you might be able to access with a reverse mortgage. Whether you want to refinance your mortgage or purchase a new home, the App will help you crunch the numbers to figure out how you can best finance your retirement. Plus, it is free and easy to use.

Refinance Portal:

Simply input your current home value, age and the balance left on the mortgage to find out your estimated total proceeds after paying off an existing mortgage. Additional information provided includes Estimated Available Proceeds and Available Proceeds After First Year.

Purchase Portal:

With the Purchase Portal you have two options.

Option 1. Enter the Purchase Price and find out the Estimated Down Payment Required

When entering the Purchase Price, along with Youngest Borrower Age, you can find out the Estimated Down Payment Required along with the HECM Estimated Loan Amount, or the estimated funding provided by the Home Equity Conversion Mortgage (HECM) otherwise known as a reverse mortgage.

Option 2. Enter the Available Down Payment and find out the Estimated Maximum Purchase Price possible

Enter the Available Down Payment amount and the Youngest Borrower Age and get an Estimated Maximum Purchase Price, the amount you would have available to you when purchasing a new home including the down payment and the funds from the reverse mortgage.

Full Specifications

What's new in version 1.0

General

Release March 15, 2020
Date Added March 15, 2020
Version 1.0

Operating Systems

Operating Systems Android
Additional Requirements Requires Android 5.0 and up

Popularity

Total Downloads 0
Downloads Last Week 0
Report Software

Related Apps

Google Pay

Free
Google Pay

Venmo: Send & Receive Money

Free
Venmo: Send & Receive Money

Coinbase - Buy and sell bitcoin. Crypto Wallet

Free
Coinbase - Buy and sell bitcoin. Crypto Wallet

Mint: Budget, Bills, Finance

Free
Mint: Budget, Bills, Finance