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Borrowers who would qualify for some sort of reverse mortgage will be shown a few different options. In many instances, consumers will be shown the amount they would qualify for through a fixed-rate HECM Normal, an adjustable-rate HECM Normal, and an HECM Saver. Consumers will also be shown how much they can expect to receive once they choose to accept their profit a lump amount, line of consumer credit, or receive monthly payments. So before going ahead with a reverse mortgage, consider other options, such as taking out a home equity loan or selling your home and buying a smaller one. Reverse Mortgage Calculator Essential Tools For Future Borrowers mortgage calculator Visit Mortgage calculators are great tools for potential borrowers to use prior to applying for a loan. At first, reverse mortgages may seem overwhelming. There are not only several different loan and payment types, but borrowers are required to pay certain fees, closing costs, and mortgage insurance premiums. Reverse mortgage calculators lay out a consumers different options, making them much easier to understand. Unfortunately the reports tell, that there are many scam companies in the market, which try to sell too big programs and services, which has zero or very small benefit to a senior. To prevent these kind of offers, a senior can turn to the counselor and ask from him how does a reverse mortgage work in his particular case. He will get an expert opinion.