Reverce Mortgage Calculator
There are two interest rates available for mortgage loans: One is called “expected rate” and it consists of 10 year index plus the borrower’s margin. The higher the rates are the less money the borrower can get. However, there is a floor rate of 5.5% and interest rate below 5.5% will no longer increase the amount of proceeds available through the Reverse Mortgage.
Source: www.gadgets-reviews.com

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This entry was posted on Tuesday, December 8th, 2009 at 9:48 pm and is filed under Gadgets Review.You can follow any responses to this entry through the RSS 2.0 feed.You can leave a response, or trackback from your own site.