Principal limit | Reverse Mortgage Glossary
Principal limit
Maximum amount you can borrow under a HECM based on age, rates, and home value.
Plain English
Maximum amount you can borrow under a HECM based on age, rates, and home value.
Everyday analogy
Think of this as one piece of a loan puzzle. See our complete glossary or what is a reverse mortgage guide for context.
When this is NOT a good fit
Understanding terms does not mean a reverse mortgage is right for you. Review our eligibility and foreclosure guides before deciding.