Reverse Mortgage Interest Rates In California - PowerPoint PPT Presentation

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Reverse Mortgage Interest Rates In California

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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


1
Reverse Mortgage  Interest Rates
2
  • California's Reverse Mortgage Elder Protection
    Act of 2009 states that a reverse mortgage
    interest rates can be either fixed or variable.

3
  • Fixed reverse mortgage interest rates will remain
    same throughout the loan tenure. 

4
  • 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. 

5
  • variable reverse mortgage interest rates will
    change as per the market conditions.

6
  • Fixed rates are approximately 4 - 5 however
    variable rates can be slightly lower. 

7
  • Reverse mortgage Interest rates may vary from
    state to state and city to city. 

8
  • Interest rates on reverse mortgages is not
    deductible on income tax returns until the loan
    is paid off, either partially or in full.

9
  • 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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