Interest Rates

Have you been thinking about a reverse mortgage but worried about rising interest rates? It’s true that rates have increased somewhat already, but they are still near the floor rate. 

ADJUSTABLE-RATE HECM - Flexible payment options. More adaptable loan options for long-term retirement planning.

FIXED-RATE HECM - Most popular for those paying off existing mortgage debt who want the stability of a fixed rate.

The HECM lets you choose among several payment options:

a single disbursement option – this is only available with a fixed rate loan, and typically offers less money than other HECM options.

a “term” option – fixed monthly cash advances for a specific time.

a “tenure” option – fixed monthly cash advances for as long as you live in your home.

a line of credit – this lets you draw down the loan proceeds at any time, in amounts you choose, until you have used up the line of credit. This option limits the amount of interest imposed on your loan, because you owe interest on the credit that you are using.

a combination of monthly payments and a line of credit.

FIXED-RATE JUMBO (LUMP SUM) - Access equity in a high-value home.

ADJUSTABLE-RATE JUMBO (LINE of CREDIT) - Access equity in a high value home. Flexible line of credit allows for a draw period.

We are not licensed financial advisors and we would always direct you to discuss all financial decisions with your financial planners before making any decisions.

We offer competitive reverse mortgage rates for our reverse mortgage loan programs.