Reverse Mortgage Rates and Origination Fees for
Tuesday, December 1 2020
Reverse Mortgage Rates and Origination Fees for Tuesday, December 1 2020
Posted 9:35am EST
The lowest rate in our
Fixed-Rate HECM survey was unchanged for a fourth
week on an unchanged origination fee quote. The
lowest origination fee was also unchanged on an
unchanged rate.
| Tuesday, December 1 Report on Pricing of Fixed-Rate2 HECM Reverse Mortgage | |||
|---|---|---|---|
| Pricing by 6 competing Reverse Mortgage Lenders1 | Interest Rate | Origination Fee | Maximum Cash Draw by Owner aged 65 with Home Equity of $300,000 |
| Lowest Interest Rate December 1 | 2.990% | $3,000 | $85,701 No Change |
| Change from November 24 | No Change | No Change | |
| Lowest Origination Fee December 1 | 3.430% | $0 | $86,901 No Change |
| Change from November 24 | No Change | No Change | |
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com:
All Reverse, Centennial Home Mortgage, First Bank,
Goldwater Bank, Goodlife Home Loans, Longbridge
Financial, Mid America Mortgage,Mutual of Ohama
Mortgage, Signet Mortgage
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday
 |
Tweet |