ARLO™ Reverse Loan Calculator app for iPhone and iPad
Developer: All Reverse Mortgage, Inc.
First release : 07 Oct 2020
App size: 3.39 Mb
ARLO™ (All Reverse Loan Optimizer) remains the only reverse mortgage calculator of its kind to offer instant and accurate eligibility, real-time interest rates & APR.
ARLO™ will instantly generate a quote that includes your available loan amount and current interest rates. Best of all, ARLO™ will retrieve the most suitable program for your individual needs.
Using ARLO™ Reverse Mortgage Calculator
Step 1. Enter Age Details
Step 2. Enter Property Details
User Tips:
Do not forget to include your spouse’s age, even if they are not yet 62 as loan proceeds are always based on the age of the youngest spouse.
When you close a reverse mortgage within 6 months of your next birthday, your calculations automatically move you into the next year’s principal limit factor (if you are very close, it might benefit you to wait a few weeks).
If you have a HELOC (Home Equity Line of Credit), be sure to include this balance as part of the total mortgage payoff.