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Nov 16, 2022 · In 2022, the limit is $970,800. Reverse mortgages aren't cheap, especially with the Federal Reserve raising interest rates in a bid to put the brakes on inflation. The average rate for a fixed-rate reverse mortgage in November 2022 was around 7 percent, similar to that for a traditional mortgage.
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related to: aarp reverse mortgage calculatorIf You Are Not Ready To Check Your Eligibility, Read Up On How a Reverse Mortgage Works. Our Free Calculator Shows How Much May You Be Eligible To Receive - Try it Today!