Reverse Mortgage Interest Rates Information

Which Reverse Mortgage Interest Rate Is The Best Choice For You?

This question cannot be answere simply because it depends on the other factors of your reverse mortgage. A fixed reverse mortgage interest rate is only available to people who choose a lump sum disbursement option. If you wish to access some other type of disbursement option, you would select one of the adjustable interest rates.

Fixed Reverse Mortgage Interest Rates

• Fixed reverse mortgage interest rates are lower than ever!
• Rates are comparable to traditional mortgage, but are NOT based on credit.
• If you wish to recieve all of your money in a lump sum, you will have access to the most money at the beginning of your loan.
• The interest rate will NEVER change.

Adjustable Reverse Mortgage Interest Rates

• You have access to a variety of disbursement options.
• It is possible to exceed the amount you would receive with the lump sum option.
• The line of credit disbursement option has a growth feature that allows the line of credit to grow with the assumed appreciation of your house.
• You can change your disbursement option at any time, as long as you have not used all of the funds available to you.
• There is an option that allows your to get a monthly payout for as long as you live in the home.
• The adjustable interest rate allows for much more customization, but it is possible for the interest rate to increase significantly.