reverse mortgage rates

reverse mortgages are subject to fixed or adjustable interest rates and also carry the similar payment of various closing fees. in the case of a reverse mortgage, the lender, a bank or traditional mortgage lender may provide for the financing of any applicable fees.

details are available at http://www.mortgagefit.com/reverse.html

The lowest fixed interest rate is 5.56%. The lowest variable program is 2.744. The index used for the variable program is the 1 month LIBOR and it changes every Tuesday, until you sign the loan documents. It's locked for 4 months after the documents are signed. After the loan funds the interest rate will adjust monthly.

A reverse mortgage is a loan available to seniors, and is used to release the home equity in the property as one lump sum or multiple payments

Reverse mortgage rates are the same for all reverse mortgage lenders

Reverse mortgages may have fixed or variable rates