Posts Tagged ‘Reverse Mortgage Brokerage’
Understanding Lifetime Reverse Mortgage Interest Rate Caps: 5% vs. 10%
One of the critical aspects we discuss with clients is the lifetime reverse mortgage interest rate cap. This cap limits how much the interest rate can increase over the life of the loan, providing a level of financial predictability and protection for homeowners. Typically, the reverse mortgage interest rate caps are set at 5% or…
Read MoreReverse Mortgage Brokerage Marks Customer Savings Milestone With Community Donation
An Oregon-based reverse mortgage brokerage has decided to mark a milestone of customer savings through a $1,000 donation to a local senior center, commemorating the savings it has provided to its reverse mortgage customers in terms of the amount of forward mortgage payments they have been able to forego as a result of getting a…
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