Are interest rates fixed or variable?

Reverse mortgages are available with either fixed or variable rates. Borrowers who elect a fixed-rate loan will receive their funds as a single disbursement lump sum. A lump sum disbursement is also available with an adjustable rate. A line of credit and monthly advances have an adjustable rate.

 

Verified Reviews

(186)

Larry did an Excellent Job Larry did an excellent job of keeping our loan moving forward during a very difficult loan transaction.    

Ed K — Aug 19, 2021

Always Available and Knowledgeable Always available and knowledgeable. Always had time for any and all the questions I had and never seemed rushed. .

Dale M — Apr 17, 2023

Totally Committed to Service and the Custome Going through the hoops for a reverse mortgage was a task. I found Larry McAnarney and he was beyond professional in his willingness to cover every nuance, foresee any possible problems, and SUPER follow through after approval. I can't reommend this service highly enough. 

Shaun K — May 22, 2015

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