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Are reverse mortgage interest rates fixed or variable?

April 26, 2017fixed interest rates reverse mortgage

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Are reverse mortgage interest rates fixed or variable?

4 Answers

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A. Reverse mortgage interest rates can either be fixed or variable depending on your objectives. There are advantages to both options. Our Senior Home Advisors will be happy to discuss these options further when you call.

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Most reverse mortgages extended to seniors to date have variable rates that are tied to a financial index and will vary according to market conditions. In addition, Financial Freedom offers a fixed rate HECM program. Click here to learn more about Financial Freedom’s Suite of HECM Products.

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A. All reverse mortgages have variable rates that are tied to a financial index that will vary according to market conditions.

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A. All reverse mortgages have variable rates that are tied to a financial index and will vary according to market conditions.