Reverse Mortgage Blog

Fixed or Adjustable Interest Rates

November 11, 2020

Originally there was only one reverse loan choice and it was an annual adjustable interest rate for a Line-of_credit, but over the last 20 years that has changed. Seniors can now chose from Fixed rates or Adjustable loans, but which one? https://www.reverseloanconsultant.com/

Lorraine Jones

This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.

*There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.

Lorraine Jones

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Fixed or Adjustable Interest Rates

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Reverse Mortgage Professional in Westlake Village, also serving Simi Valley, Woodland Hills, Ventura, Van Nuys, Thousand Oaks, Sherman Oaks, Canoga Park, Los Angeles, Camarillo, and the surrounding Southern California area.