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A reverse mortgage is a financial tool that enables homeowners, aged 62 and older, to access a portion of their home’s equity while continuing to live in the property.   The appeal of a reverse mortgage lies in its potential to provide a much-needed source of retirement income for those who may have limited pension or […]

What is a Reverse Mortgage? A reverse mortgage is a unique type of loan available to homeowners who are at least 62 years old.   When you take out a reverse mortgage loan, the lender gives you access to funds based on the equity you have built up in your home without requiring monthly mortgage payments, […]

What is a Reverse Mortgage? A reverse mortgage offers older homeowners the opportunity to borrow against the equity in their homes.   The most common reverse mortgage is the home equity conversion mortgage (HECM), which is backed by the Federal Housing Administration (FHA) and regulated by the U.S. Department of Housing and Urban Development (HUD).   A […]

Understanding Reverse Mortgages  A home equity conversion mortgage (HECM, also known as a reverse mortgage loan, is a financial solution that allows homeowners who are 62 years of age or older to tap into the value of their home without the burden of monthly mortgage payments.   It eliminates monthly mortgage payments by paying off the […]

What is a Reverse Mortgage? A reverse mortgage lets homeowners who are at least 62 years of age a way to borrow against the equity in their homes. A reverse mortgage is a federally backed loan that gives borrowers the option to receive their funds as a lump sum, monthly installments, a line of credit, […]

HECM Monthly Adj. 1Y CMT 5 CAP – (US Treasury) Principal Limit Utilization *All files are over-disclosed to max premium for given margin at application* Margin Initial Rate Exp. Rate 0-10% 10.01-20% 20.01-30% 30.01-40% 40.01-50% 50.01-60% 60.01-70% 70.01-80% 80.01-90% 90.01-100% 3.000% 8.390% 7.270% 113.750 110.375 109.375 107.500 106.750 106.500 105.875 105.250 104.750 104.500 2.875% 8.265% […]

HECM Monthly Adj. 1Y CMT 5 CAP – (US Treasury) Principal Limit Utilization *All files are over-disclosed to max premium for given margin at application* Margin Initial Rate Exp. Rate 0-10% 10.01-20% 20.01-30% 30.01-40% 40.01-50% 50.01-60% 60.01-70% 70.01-80% 80.01-90% 90.01-100% 3.000% 8.390% 7.270% 113.625 110.250 109.250 107.375 106.625 106.375 105.750 105.125 104.625 104.375 2.875% 8.265% […]

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