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Reverse Mortgage Amortization Table

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When you obtain a reverse mortgage, your lender should furnish you with – among other things – an amortization schedule, which is basically a table/graph of how the loan balance will change over time.

An online reverse mortgage calculator, such as this one, can help. Using the reverse mortgage calculator. This particular reverse mortgage calculator is designed to allow you to calculate how quickly your loan balance will increase after receiving a lump sum payment, a series of monthly payments or a combination of both.

When you obtain a reverse mortgage, your lender should furnish you with – among other things – an amortization schedule, which is basically a table/graph of how the loan balance will change over time. The amortization schedule for a reverse mortgage is unique because it is a negatively-amortizing loan.

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