San Francisco, CA (openPR) 13 April 2010

NewRetirement.com, information about the age and defense company, has released a new reverse mortgage calculator for seniors and their families. The new computer is both directly to consumers on the website NewRetirement.com and for use on other sites in the form of a widget.


The first computer to confirm

user input screens for eligibility for the reverse mortgage. Then, in following the finding of eligibility for those eligible, the computer shows a market based estimate of the size of reverse mortgage, the user can expect from a Reverse Mortgage Lender received. The reverse mortgage calculator uses homeownersâ? Age to the value of their homes and the balance of the mortgage or lien calculating the estimated amount of the loan.

Unlike most online calculators reverse mortgage used the computer an average NewRetirement edge of interest rates and program costs in the industry, the estimate is the owner of a basis. This database can be for different loan offers from different lenders to compare reverse mortgage in their region.

the computer gives the results for the two mortgage HECM reverse fixed-income and variable-rate reverse mortgages. There is also the owner of a breakdown, they can choose how to get the loan, either as a lump sum, monthly payments, or as a credit line.

The computer is easily accessible on the website NewRetirement? s section reverse mortgage. In support of the other Web sites offer visitors a quick assessment of the reverse mortgage, the tool is freely available and easily installed on a site other than â?? Widgets ????. Site administrators in learning more about reverse mortgage calculator widget NewRetirement can contact the demo page or widget NewRetirement at 877-631-4007 or visit via e-mail interested in using the contact form on the website NewRetirement.


About

NewRetirement LLC: NewRetirement.com founded in 2004, is a retirement information and awareness of the site that is visited by hundreds of thousands of seniors every month. The website is devoted to comprehensive and balanced information on financial tools and options available to senior citizens at or near retirement. NewRetirement.com headquarters is located at 100 Pine Street, Suite 590, San Francisco, California located 94 111. Paul Lowrey, Director of Marketing, reach can be found at 415-373-0311.

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Reverse Mortgage Calculator