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How much money can I receive?  The amount of available equity is determined by the youngest borrowers age, the value of the home, the location and the current interest rate.  You can receive the loan proceeds as a lump sum at closing, establish a line of credit (that may increase annually as the value of the home increases) or receive a check every month for the time you remain in the home or for a specific pre-determined period of time.  A combination of all of these options allows the borrower to customize this loan for their needs and situation. 

To get an idea of what is available based upon your particular circumstances, go to:

        http://www.reversecalculator.com/calc.asp?co=rtgage462303495

You may also call Nancy Burns at HCI Mortgage for a free consultation.