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What is the interest rate on a Reverse Mortgage?

April 26, 2017Interest rate reverse mortgage

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What is the interest rate on a Reverse Mortgage?

1 Answer

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The interest rates on the HECM program are set by the FHA and are based on the 1 year Treasury Bill. The Fannie Mae Homekeeper is based on the 1 Month CD and the Privately funded products available are determined by the Lender.