Reverse Mortgage Rates and Origination Fees for Tuesday, April 3 2018
Reverse Mortgage Rates and Origination Fees for Tuesday, April 3 2018
Posted 9:35am EST
The lowest rate and
origination fee in
our Fixed-Rate HECM were unchanged for the seventh
consecutive
week. Once again a zero origination fee quote was
the lowest in the survey.
| Tuesday, April 3 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 April 3 | 3.990% | $5,850 | $74,505 No Change |
| Change from March 27 | No Change | No Change | |
| Lowest Origination Fee April 3 | 4.990% | $0 | $69,555 No Change |
| Change from March 27 | No Change | No Change | |
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com:
All Reverse, Signet Mortgage, First Bank, Retire
Secure, Goldwater Bank, Longbridge Financial,
Centennial Home Mortgage
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday