HECM Rates

HECM Reverse Mortgage Interest Rates

Choosing your interest rate adjustment

All reverse mortgages carry variable interest rates, but with some programs you can choose a rate that adjusts annually or monthly. Annual rate adjustments usually have annual and lifetime caps, which limit the number of points they can increase. On the other hand, they offer a lower maximum loan amount. Monthly rate adjustments offer a larger maximum loan amount, but they usually have no annual adjustment cap, and instead are capped at ten points over the life of the loan.

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