What is the interest rate on a reverse mortgage in 2023?
Автор: Go Mortgage Reverse
Загружено: 2023-01-10
Просмотров: 141
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What are interest rates for a reverse mortgage? Well, that depends on several factors, but in general terms, reverse mortgage interest rates, they move with traditional interest rates. So if the market as a whole has gone up, you can expect reverse mortgage #interestrates to go up as well. If they've gone down, reverse interest rates would go down as well. There are a couple other factors to consider with reverse mortgage.
One, you can have a variable interest rate. This comes into play if you need some flexibility in taking funds out of your home or are looking to have what's similar to a line of credit where you can take the funds as needed. If you'd like to fix the rate similar to a traditional mortgage, you can fix the rate. You do have one opportunity to access the funds in your home, and you can lock in that rate.
To schedule a free consultation with David Todd visit https://gomortgagereverse.com/
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