Reverse Mortgage Rates and Origination Fees for
Thursday,
September 12 2019
Reverse Mortgage Rates and Origination Fees for Thursday,
September 12 2019
Posted 9:35am EST
The lowest interest rate
reported by lenders in our adjustable-rate HECM
survey was unchanged this week on an unchanged origination
fee. The lowest origination fee was also unchanged on
an unchanged interest rate.
Wednesday, September 12 Report on Pricing of Adjustable-Rate2 HECM Reverse Mortgage3 | |||
---|---|---|---|
Pricing by 7 competing Reverse Mortgage Lenders1 | Interest Rate | Origination Fee | Maximum Cash Draw by Owner aged 65 with Home Equity of $300,0004 |
Lowest Interest Rate September 12 | 2.949% | $5,495 | $83,221 + $67,319 |
Change from September 5 | no change | no change |
-$98 ![]() |
Lowest Origination Fee September 12 | 3.199% | $2,995 | $85,721 + $67,487 |
Change from September 5 | no change | no change |
-$98 ![]() |
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, Retire Secure,
Goodlife Home Loans, Longbridge Financial, Centennial Home Mortgage
2 Adjustable-rate pricing published every
Thursday; Fixed-rate pricing published every Tuesday
3 Mortgages with a maximum rate adjustment of 5%
4 Part of credit line is available immediately, and part after 12 months
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