Reverse Mortgage Interest Rates In California - PowerPoint PPT Presentation
Title:
Reverse Mortgage Interest Rates In California
Description:
Know more about interest rates of reverse mortgage in California and how we determined it using variety of market related factors of mortgage loan. Visit – PowerPoint PPT presentation
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Title: Reverse Mortgage Interest Rates In California
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Reverse Mortgage Interest Rates
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- California's Reverse Mortgage Elder Protection
Act of 2009 states that a reverse mortgage
interest rates can be either fixed or variable.
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- Fixed reverse mortgage interest rates will remain
same throughout the loan tenure.
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- This means if inflation goes up you might pay
less than average market rate saving money while
it goes down you will pay more than average
market rate.
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- variable reverse mortgage interest rates will
change as per the market conditions.
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- Fixed rates are approximately 4 - 5 however
variable rates can be slightly lower.
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- Reverse mortgage Interest rates may vary from
state to state and city to city.
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- Interest rates on reverse mortgages is not
deductible on income tax returns until the loan
is paid off, either partially or in full.
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- Know more about reverse mortgage Interest Rates
- info_at_ReverseMortgageCalifornia.com
- or
- call us on 800-730- 6558
- or visit our website
- http//www.reversemortgagecalifornia.com/reverse-m
ortgage-interest-rates.html
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